Spectris PLC

SXS

Equity

ISIN GB0003308607 / Valor 384161

LSE London Stock Exchange, SETS (2025-11-21)

GBP 41.08%

Spectris PLC
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About company

Spectris PLC is a global leader in precision instrumentation and controls, serving a diverse range of industries through its specialized divisions. The Spectris Scientific division includes Malvern Panalytical, which provides advanced analytical instruments for materials research and quality control; Particle Measuring Systems, known for its particle measurement technologies; and Servomex, a provider of gas analyzers and process instrumentation. Meanwhile, the Spectris Dynamics division comprises HBK, a company renowned for its expertise in measurement systems and dynamic testing solutions. By leveraging the expertise and innovative capabilities of its subsidiaries, Spectris delivers high-performance solutions that support critical processes in sectors such as pharmaceuticals, aerospace, automotive, and manufacturing.

Summarized from source with an LLMView SourceSector: Technology

Order and Sales Growth

Spectris reported a 5% increase in order intake on a reported basis and an 8% rise in sales for H1 2025. Like-for-like order growth was slightly down by 2%, while like-for-like sales saw a modest 1% increase. The second quarter showed stronger momentum with a 15% reported order growth and 20% sales growth.

Profit Improvement Programme

The company has realized over £10 million in savings from its Profit Improvement Programme in the first half of 2025, with expectations to achieve more than £30 million in total savings for the full year. This initiative is key to driving profit growth and enhancing operational efficiency.

Operating Profit and Financial Health

Adjusted operating profit for H1 2025 was £65.6 million, up from £61.1 million in H1 2024, aligning with last year's performance on a like-for-like basis. Statutory operating profit also saw a slight increase to £24.8 million. Spectris maintains a net debt position of £546 million, with leverage expected to return to the target range of 1-2x by the end of 2025.

Strategic Acquisition by KKR

The Board has recommended KKR’s acquisition of Spectris at an offer value of £41.75 per share, inclusive of a 28.0 pence interim dividend. The acquisition is subject to shareholder approval and regulatory conditions, with completion expected by Q1 2026. This strategic move aims to further strengthen Spectris' market position and drive long-term growth.

Outlook and CEO Statement

CEO Andrew Heath highlighted the company’s transformation and strategic investments since 2018, positioning Spectris for sustained success. With continued strong execution and the benefits from recent acquisitions and efficiency programs, Spectris is well-positioned for future growth and profitability.

Summarized from source with an LLMView Source

Key figures

65.9%1Y

27.5%3Y

52.5%5Y

Performance

58.0%1Y

38.4%3Y

34.3%5Y

Volatility