2 November 2022
Rotork plc
Capital Markets Event - Achieving our ambition through Growth+
Rotork plc ("Rotork"), the global flow control and instrumentation group, is this afternoon hosting a Capital Markets Event ("CME") to outline its new Growth+ strategy.
The Growth+ strategy is designed to deliver our growth ambition through our three pillars of Target Segments, Customer Value, and Innovative Products and Services, each underpinned by our 'Enabling a Sustainable Future' initiative.
The CME will include presentations from Kiet Huynh, Chief Executive Officer, Jonathan Davis, Finance Director, and senior Rotork executives, and will also cover the megatrends of automation, electrification and digitalisation which are expected to benefit all of our markets and further support our growth. In addition, the CME will highlight Rotork Site Services, a key differentiator within our industry, with the potential for above group average growth and returns.
Rotork's target segments span the divisions and are expected to grow faster than underlying markets, supporting our ambition to deliver mid to high single-digit revenue growth and mid 20s adjusted operating margins over time.
No update on trading will be provided at the CME. Rotork will issue an update on trading for the four months to 30 October 2022 on 23 November 2022.
Presentations will be made available on the company's website later today at https://www.rotork.com/en/investors and a recording of the CME will be available in due course.
Enquiries:
Rotork plc Tel: +44 (0)1225 733 200
Andrew Carter, Investor Relations Director
FTI Consulting Tel: +44 (0)20 3727 1340
Nick Hasell / Susanne Yule
About Rotork
Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical, process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index. For more information please visit www.rotork.com.
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