Spirax Group (LON:SPX) H1 2024 results
Key financial results
- Revenue: GBP 827.0 million (2.8% less than H1 2023).
- Net income: GBP 91.2 million (up 10.0% from H1 2023).
- Profit margin: 11% (compared to 9.7% in H1 2023). The increase in margin is due to lower expenses.
- Earnings per share: GBP 1.24 (compared to GBP 1.13 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Insights into Spirax Group’s results
Average sales growth of 5.5% per annum is expected for the next three years. In comparison, the growth forecast for the mechanical engineering industry in the United Kingdom is 5.1%.
Performance of British engineering industry.
The company’s share price fell 10% compared to the previous week.
Risk analysis
You should always think about the risks. A typical example: We have 1 warning sign for the Spirax Group You should be aware.
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