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Spectris Q3 Sales, LFL Sales Down; Says Confident To Meet FY Revenue View

(RTTNews) - Instrumentation and controls company Spectris plc (SEPJF.PK, SXS.L) reported Tuesday that third-quarter sales decreased 20 percent to 329.4 million pounds, impacted by disposals and a negative foreign currency exchange movement.

Group like-for-like or LFL sales were 9 percent lower in the period, compared to 18 percent drop in the second quarter.

Orders in the period fared slightly better, being 8 percent lower on a LFL basis.

Group sales in the period were 11 percent ahead of the previous third quarter.

For the nine-month period to September 30, reported sales decreased 21 percent to 928.4 million pounds, with LFL sales down 12 percent.
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