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Rotork's growth programme is paying off

The group is improving margins and returns despite difficult markets
Rotork's growth programme is paying off

Rotork’s (ROR) growth acceleration plan is continuing to pay off. The group has been focusing on building margins and return on capital employed (ROCE) through improvements to efficiency and cutting costs. So far it is working, with adjusted operating margins improving 160 basis points to 22.6 per cent and ROCE up 260 basis points to 31.8 per cent despite lower-than-expected sales.

IC TIP: Buy at 300p

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