Spirax-Sarco Engineering PLC Logo

Spirax-Sarco Engineering PLC

ISIN: GB00BWFGQN14 | Ticker: SPXSF | LEI: 213800WFVZQMHOZP2W17
Sector: IndustrialsSub-Industry: Construction & Engineering
Country: United Kingdom

About Spirax-Sarco Engineering PLC

Company Description

We are a multi-national engineering group whose world-leading industrial and commercial steam systems, advanced electric thermal solutions, pumps and fluid path equipment can be found in industrial and commercial settings worldwide.

With over 110,000 direct buying customers globally, across a wide range of industries, we provide the thermal energy and pumping solutions that our customers need to manufacture many of the goods that you use every day; anything from food and beverages to medicines, paper, textiles, or car tyres. As you would expect from a world-leading engineering group, we are committed to engineering sustainable growth for our stakeholders, which we achieve as we deliver value-adding engineered solutions to our customers, through a direct sales presence in more than 67 countries.

Year founded

1888

Served area

Worldwide

Headquarters

Charlton House, Cirencester Road, Charlton Kings, GL53 8ER Cheltenham – United Kingdom

Financial statements

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Line item in (gbp) 02.01.2021 01.01.2022 02.01.2022 01.01.2023 01.01.2024
Assets N/A 1,863,200,000.00 N/A 2,784,900,000.00 2,708,400,000.00
Noncurrent Assets N/A 1,059,500,000.00 N/A 1,731,400,000.00 1,683,600,000.00
Property Plant And Equipment N/A 277,400,000.00 N/A 384,500,000.00 415,100,000.00
Goodwill N/A 411,200,000.00 N/A 703,300,000.00 680,500,000.00
Intangible Assets Other Than Goodwill N/A 255,700,000.00 N/A 500,300,000.00 448,800,000.00
Investment Accounted For Using Equity Method N/A 0.00 N/A 0.00 3,000,000.00
Noncurrent Prepayments N/A 1,300,000.00 N/A 2,000,000.00 1,900,000.00
Deferred Tax Assets N/A 46,100,000.00 N/A 69,000,000.00 31,000,000.00
Current Tax Assets Noncurrent N/A 4,900,000.00 N/A 5,100,000.00 4,900,000.00
Current Assets N/A 803,700,000.00 N/A 1,053,500,000.00 1,024,800,000.00
Inventories N/A 201,300,000.00 N/A 290,000,000.00 285,200,000.00
Current Tax Assets Current N/A 10,800,000.00 N/A 13,900,000.00 8,700,000.00
Cash and cash equivalents N/A 274,600,000.00 N/A 328,900,000.00 359,700,000.00
Other Current Assets N/A 44,700,000.00 N/A 79,600,000.00 71,400,000.00
Equity And Liabilities N/A 1,863,200,000.00 N/A 2,784,900,000.00 2,708,400,000.00
Equity 852,300,000.00 1,010,000,000.00 1,010,000,000.00 1,169,800,000.00 1,157,700,000.00
Issued Capital N/A 19,800,000.00 N/A 19,800,000.00 19,800,000.00
Retained Earnings N/A 961,100,000.00 N/A 1,067,000,000.00 1,120,300,000.00
Share Premium N/A 86,300,000.00 N/A 88,100,000.00 90,100,000.00
Other Reserves N/A -17,700,000.00 N/A -23,400,000.00 -12,900,000.00
Equity Attributable To Owners Of Parent N/A 1,009,000,000.00 N/A 1,169,000,000.00 1,156,900,000.00
Noncontrolling Interests N/A 1,000,000.00 N/A 800,000.00 800,000.00
Liabilities N/A 853,200,000.00 N/A 1,615,100,000.00 1,550,700,000.00
Noncurrent Liabilities N/A 471,500,000.00 N/A 977,600,000.00 1,096,700,000.00
Other Longterm Provisions N/A 1,500,000.00 N/A 6,200,000.00 7,600,000.00
Other Noncurrent Payables N/A 4,700,000.00 N/A 8,800,000.00 11,400,000.00
Deferred Tax Liabilities N/A 81,800,000.00 N/A 128,100,000.00 68,200,000.00
Noncurrent Recognised Liabilities Defined Benefit Plan N/A 44,700,000.00 N/A 52,100,000.00 51,400,000.00
Longterm Borrowings N/A 289,900,000.00 N/A 731,300,000.00 875,900,000.00
Current Liabilities N/A 381,700,000.00 N/A 637,500,000.00 454,000,000.00
Other Shortterm Provisions N/A 5,200,000.00 N/A 12,000,000.00 9,500,000.00
Trade And Other Current Payables N/A 217,000,000.00 N/A 283,000,000.00 251,200,000.00
Current Tax Liabilities Current N/A 33,100,000.00 N/A 40,400,000.00 28,300,000.00
Line item in (gbp) 01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
01.01.2023/
01.01.2024
Revenue 1,344,500,000.00 1,610,600,000.00 1,682,600,000.00
Profit Loss From Operating Activities 320,900,000.00 318,800,000.00 284,400,000.00
Finance Income 3,400,000.00 5,600,000.00 11,300,000.00
Finance Costs 9,800,000.00 16,300,000.00 51,200,000.00
Profit Loss Before Tax 314,500,000.00 308,100,000.00 244,500,000.00
Income Tax Expense Continuing Operations 79,600,000.00 83,100,000.00 60,500,000.00
Profit (loss) 234,900,000.00 225,000,000.00 184,000,000.00
Profit Loss Attributable To Owners Of Parent 234,600,000.00 224,700,000.00 183,600,000.00
Profit Loss Attributable To Noncontrolling Interests 300,000.00 300,000.00 400,000.00
Line item in (gbp) 01.01.2022 01.01.2023 01.01.2024
Profit (loss) 234,900,000.00 225,000,000.00 184,000,000.00
Adjustments For Finance Costs 6,400,000.00 10,700,000.00 39,900,000.00
Adjustments For Decrease Increase In Inventories -26,700,000.00 -58,300,000.00 -13,100,000.00
Adjustments For Provisions -1,000,000.00 -800,000.00 2,900,000.00
Adjustments For Sharebased Payments 9,200,000.00 8,900,000.00 6,100,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets -500,000.00 -1,400,000.00 100,000.00
Cash Flows From Used In Operations 351,500,000.00 331,100,000.00 389,300,000.00
Income Taxes Paid Refund Classified As Operating Activities 78,100,000.00 90,000,000.00 90,700,000.00
Cash Flows From Used In Operating Activities 273,400,000.00 241,100,000.00 298,600,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 0.00 -2,800,000.00 500,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 0.00 460,300,000.00 5,200,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 2,000,000.00 4,000,000.00 3,100,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities 52,800,000.00 104,300,000.00 84,000,000.00
Purchase Of Intangible Assets Classified As Investing Activities 8,100,000.00 8,900,000.00 14,200,000.00
Interest Received Classified As Investing Activities 3,400,000.00 5,600,000.00 11,300,000.00
Cash Flows From Used In Investing Activities -58,700,000.00 -571,000,000.00 -95,700,000.00
Proceeds From Issuing Shares 1,500,000.00 1,800,000.00 2,000,000.00
Payments To Acquire Or Redeem Entitys Shares 26,100,000.00 20,800,000.00 12,800,000.00
Proceeds From Borrowings Classified As Financing Activities 0.00 1,008,800,000.00 192,800,000.00
Repayments Of Borrowings Classified As Financing Activities 77,500,000.00 511,100,000.00 221,100,000.00
Payments Of Lease Liabilities Classified As Financing Activities 11,700,000.00 12,900,000.00 16,100,000.00
Dividends Paid Classified As Financing Activities 91,000,000.00 103,600,000.00 114,900,000.00
Interest Paid Classified As Financing Activities 8,500,000.00 15,500,000.00 49,100,000.00
Cash Flows From Used In Financing Activities -213,300,000.00 346,700,000.00 -219,200,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,400,000.00 16,800,000.00 -16,300,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -6,400,000.00 8,000,000.00 -14,700,000.00
Cash and cash equivalents 274,600,000.00 328,900,000.00 359,700,000.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Short Interest


Current short interest

Position Holder Short Interest in Percent Date
GLG Partners LP 0.50% 10.08.23
GLG Partners LP 0.51% 13.09.23
AQR Capital Management, LLC 0.60% 29.04.24
AQR Capital Management, LLC 0.50% 19.09.23
Qube Research & Technologies Limited 0.51% 14.02.24
AQR Capital Management, LLC 0.50% 05.04.24
AQR Capital Management, LLC 0.59% 13.05.24
Total 3.71%

Capital markets information

ISIN

GB00BWFGQN14

LEI

213800WFVZQMHOZP2W17

Sector

Industrials

Industry Group

Capital Goods

Industry

Construction & Engineering

Sub-Industry

Construction & Engineering

Listed Stock Exchange

London Stock Exchange

Stock Index

FTSE 100

Main Stock Exchange

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