Rotork Plc (ROR.L) said in its trading update for the first quarter ended March 31 that the performance was in line with expectations. Order intake declined slightly from last year, as strong growth in Chemical, Process and Industrial (CPI) and Water & Power was offset by weaker Oil & Gas demand, particularly in the Europe, Middle East, and Africa regions, the company said in an official statement.
On the LSE, ROR.L is up 2.3 percent on Friday's trading at 316.00 pence.
The industrial valve manufacturing company said that revenue rose by a low single-digit percentage, driven by CPI and Water & Power, supported by demand in data centres and water infrastructure.
The company maintained its 2026 outlook, expecting continued progress with strong momentum in CPI and Water & Power, supported by target segments and service operations. In Oil & Gas, performance is expected to be stable with a stronger second half, including delayed Middle East projects and increased maintenance activity. Rotork said that it will report interim results for fiscal 2026 on August 4.
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