Half Year Results 

Rotork improves margins, but orders fall

Rotork improves margins, but orders fall

As management warned, poor macroeconomic conditions began to weigh on Rotork (ROR) in the first six months of 2019. Sales were down 4.3 per cent on an organic constant-currency basis, while order intake dropped 1.3 per cent to £363m. Orders did improve quarter on quarter, but the group warned the “pattern of order intake remains uncertain and the market environment uncertain”.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now