By Kyle Morris
Spirax-Sarco Engineering PLC said Wednesday that it continues to expect record revenue, profit and operating margin for 2021.
The FTSE 100 engineering company said it has had strong demand, with order books in its three businesses expanding above its expectations in the four months to the end of October.
Spirax said it expects a 4% hit to full-year sales and profit if current exchange rates continue for the remainder of the year.
For 2022, the company expects sales and profit growth, underpinned by continuing strong demand and its higher-than-normal order book. The operating margin for the period is expected to be lower.
Write to Kyle Morris at kyle.morris@dowjones.com