IN BRIEF: Spectris expects 2024 profit decline in line with consensus

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Spectris PLC - London-based supplier of precision instrumentation and controls - Expects adjusted operating profit for 2024 to be above consensus and at the upper end of analyst guidance ranges after a ‘strong’ fourth quarter, citing a company-compiled forecast of £197.0 million, with a range of £183.3 million to £201.0 million. This would represent a decline of between 27% and 36% from £262.5 million in 2023.

Current stock price: 2,972.00 pence, up 10% in London on Thursday morning

12-month change: down 16%

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