FX.co ★ Spirax Group FY Outlook Remains Unchanged - Quick Facts

Spirax Group has announced that its projections for the full year remain consistent with the expectations shared during the First Half results on August 8, 2024. The company anticipates achieving mid-single-digit organic revenue growth throughout the year, with its adjusted operating profit margin anticipated to remain roughly equivalent to the 2023 margin, which stood at about 20.0%.

The Group additionally noted that if the exchange rates observed at the end of September persist through the close of 2024, they would pose a slightly larger headwind, increasing the impact on both sales and adjusted operating profit by approximately 1% more than what was forecasted in August.