rotork
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Rotork
Investment driving growth
QuickView | General Industrials | 08 Mar 2018
Rotork delivered broadly in line with FY17 expectations. Order book growth was encouraging while FY17 adjusted operating margin moved up from H117 to close to FY16 levels. Kevin Hostetler will take over as CEO from 12 March, completing the management transition in a timely manner. Determination to bring the company back to former growth and margin prospects is evident. The route map for the next three to five years is underpinned by investment in R&D and front-end services ensuring Rotork delivers a valuable proposition to its customers as end-markets improve.
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Rotork
Positioning for growth
QuickView | General Industrials | 09 Aug 2017
Rotork is taking decisive steps to determine its future size and shape. The company is not in a holding pattern awaiting a new CEO. Executive chairman Martin Lamb has taken the reins and end-market dynamics are driving a rethink in regards to innovation and the company's operating footprint. In addition, there is a considerable opportunity to drive aftermarket activity, with the benefits of improved visibility and profitability that should provide. In the short term, management's FY17 expectations have been maintained with stronger H2 delivery in sight; margins are expected to improve to a similar level to FY16.
