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Prices & Quotes - UK Markets - Rotork (ROR)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 363.60p
Change Today:
-1.60p
Market Cap:
3,178.26m
Sector:
Industrial Engineering

Rotork order intake shows 'sequential improvement' in Q3

By Iain Gilbert

Date: Wednesday 25 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Manufacturer Rotork said on Wednesday that third-quarter order intake had shown "sequential improvement", with declines being slightly less than the 15.6% seen in the first half of the year.
Rotork stated that third-quarter revenues were at 97% of the 2019 level on an organic constant currency basis, an improvement on the first-half's 9.6% year-on-year decline, with reduced activity at Rotork Site Services accounting for much of the drop.

The FTSE 250-listed firm highlighted that the majority of its activity was driven by customers' operational expenditure, rather than capital expenditure, allowing it some breathing room as clients continued to spend on automation and environmental projects, as well as maintenance and refurbishment. However, the group did acknowledge that large project activity had "remained subdued".

Oil and gas sales declined, with revenues higher in Europe, the Middle East, Africa and the Asia-Pacific region but lower in the Americas, as trading conditions remained "mixed".

Rotork also pointed out that it had remained "highly cash generative", with a strong balance sheet and 146.8m of net cash as of 1 November after paying an interim dividend back in September.

"The group's performance in the first ten months has demonstrated the improved resilience of the business," said Rotork.

"Although there remains uncertainty on the continuing impact of the Covid-19 pandemic, and risks of temporary factory closures and logistics issues, we expect 2020 adjusted operating profit to be at, or slightly above, the top end of the range of current market expectations."

As of 0830 GMT, Rotork shares were up 2.22% at 325.06p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Rotork Market Data

Currency UK Pounds
Price 363.60p
Change Today -1.60p
52 Week High 374.00p
52 Week Low 191.30p
Volume 1,574,722
Shares Issued 874.11m
Market Cap 3,178.26m

Performance Indicators

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What The Brokers Say

Strong Buy 7
Buy 0
Neutral 7
Sell 0
Strong Sell 3
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rotork Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Apr-21 20-Aug-20
Paid 21-May-21 25-Sep-20
Amount 6.30p 3.90p

Trades for 08-Mar-2021

Time Volume / Share Price
16:35 501 @ 363.60p
16:35 1,782 @ 363.60p
16:35 1,651 @ 363.60p
16:35 2,583 @ 363.60p
16:35 8,612 @ 363.60p

Rotork Key Personnel

CEO Kevin Hostetler