Total sales increased 3% due to unfavourable exchange movements, particularly in recent weeks, that reduced sales on translation by 2%, and due to the impact of two small business disposals last year.
 
At constant currency, Spirax-Sarco's operating profit was slightly ahead on last year.
 
Spirax-Sarco’s markets in Asia continue to broadly show good strength and North America is benefiting from increased project activity and continued investment in Canada’s oil sands. The company says that trading conditions remain difficult in its core European markets, while the Latin America market reflects the slower economic growth in the region and the decline in industrial production in Brazil.