Full Year Results 

Rotork shines, but the backdrop darkens

Rotork shines, but the backdrop darkens

Rotork’s (ROR) numbers for 2018 may look impressive, but its trading environment certainly isn't as promising as it was 12 months ago. Pre-tax profits were up by more than a half to £121m on an organic, constant currency basis (OCC), while the adjusted operating margin expanded 60 basis points to 21 per cent. Despite solid operational performance, economic uncertainty is set to constrain sales growth in 2019, with a dip in first half OCC revenues now anticipated (albeit against tough comparators). 

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