Malvern Panalytical teach-in
11 May 2022 - Spectris plc (SXS: LSE), the expert in providing insight through precision measurement, is today hosting a teach-in on Malvern Panalytical, one of the Group's three business divisions.
Malvern Panalytical's leading technologies measure the size, structure and properties of particles, enabling our customers to understand and predict how a product will behave during use, to optimise its performance and achieve manufacturing excellence.
Malvern Panalytical is focused on the three core end markets of pharmaceuticals, advanced materials and primary materials, with its instruments critical to the development of a diverse range of products including vaccines, battery technologies and building materials.
In 2021, Malvern Panalytical grew like-for-like ('LFL') sales by 11% to £401.2 million and delivered an adjusted operating margin of 18.0%. In the first quarter trading update issued on 28 April 2022, the Group reported continued sales momentum with Malvern Panalytical delivering 14% LFL growth in the first quarter.
During today's presentation, Andrew Heath, Chief Executive, and Mark Fleiner, President, Malvern Panalytical, will provide greater insight into the outlook and prospects for Malvern Panalytical.
The presentation will highlight Malvern Panalytical's differentiated customer proposition which supports and adds value through customers' materials workflows; its plans to drive continued organic growth from strong positions in attractive, high growth markets; and its focus on delivering sustainable profitable growth and further margin expansion.
No new material financial information or update on trading will be provided.
A video of the presentation and a copy of the materials to be presented will be available at www.spectris.com.
For and on behalf of Spectris plc
LEI Number: 213800Z4CO2CZO3M3T10
Head of Corporate Affairs
+44 20 4551 4549/+44 7920 230093
Martin Robinson/Giles Kernick
+44 20 7353 4200
Spectris' global group of businesses are focused on delivering value beyond measure for all our stakeholders. We target global, attractive and sustainable markets, where growth and high returns are supported by long-term drivers. Precision is at the heart of what we do. We provide customers with expert insight through our advanced instruments and test equipment, augmented by the power of our software and services. This equips customers with the ability to reduce time to market, improve processes, quality and yield. In this way, Spectris know-how creates value for our wider society, as our customers design, develop, test and manufacture their products to make the world a cleaner, healthier and more productive place. Headquartered in London, United Kingdom, the Company employs approximately 7,600 people located in more than 30 countries. For more information, visit www.spectris.com.