High quality Spirax-Sarco remains robust
Spirax-Sarco is in our portfolio because it is the ultimate example of a company with a protective moat. Its niche products are essential for its loyal customers and it dominates the steam control market. This is the ultimate guide to news updates from this excellent stock.
Reassuringly reliable steam control group Spirax-Sarco (LON: SPX) reported an in-line trading statement ahead of its Annual General Meeting. In the first four months of the year, organic sales growth remained “strong” despite a slowdown in global industrial production. The engineer said that further lowering of industrial production growth forecasts meant it was keeping its annual expectations unchanged for now.
Management has pointed to the group’s “fundamental strengths”, including its impressive ability to generate cash…
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