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Strong first half performance improves full year outlook at Cheltenham-based Spirax Sarco

11 August 2021
The Business Magazine article image for: Strong first half performance improves full year outlook at Cheltenham-based Spirax Sarco

Cheltenham-based thermal energy management and niche pumping specialist, Spirax‐Sarco Engineering plc has reported half year revenue growth of 13 per cent.

The company reported a strong order book across all its three businesses, Steam Specialties, Electric Thermal Solutions and Watson-Marlow.

Nicholas Anderson, Group Chief Executive, said: "A strong recovery of global industrial production in the first half of this year, combined with exceptional COVID-19 vaccine related demand in Watson-Marlow, has supported strong organic sales and profit growth across all three businesses.  These results continue to demonstrate the robust business model, strategy and execution of our Group, being achieved through the outstanding efforts and dedication of all our employees in managing the higher levels of demand to meet our customers' needs.  This excellent first half execution underpins our improved full year profit outlook."

Spirax Sarco employs almost 7,900 employees across the world, including more than 1,900 direct sales and service engineers (85 per cent of it sales come from maintenance and repair budgets).

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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