Rotork (ROR) Amazing business delivers…yet again
The market leading actuator manufacturer and flow control company, and an amazing business, issued its Interim Management Statement covering the period from 1 July to 14 November 2013.
It was the usual general excellence!
Revenue for the third quarter was 13.0% higher than the prior year (+5.4% OCC) while cumulative revenue to 27 October was 13.1% ahead of the prior year. Currency movements have been favourable throughout the year although in recent weeks Sterling has strengthened appreciably against other major currencies and this has significantly reduced the tailwind that had been anticipated. The effect of currency for the year to date is still positive, adding 2.5% to revenue. As was the case last year, we anticipate that the fourth quarter will be the strongest quarter in terms of revenue as projects are delivered out…