Spirax targets more growth despite sluggish backdrop
FTSE 100 manufacturer Spirax Group increased profits by 6% in 2024 while setting out on its Together for Growth strategy.
The Cheltenham-headquartered group specialises in steam management systems and employs 10,000 people across 30 manufacturing sites worldwide.
Revenues slipped slightly, to £1.67bn, but were up 4% after stripping out the impact of currency movements and M&A activity. Pre-tax profits rose £14m to £259m.
Cost savings are expected to create £35m to use to support investment in organic growth, and Spira... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
