Strategic Objectives

Our five strategic objectives provide a clear focus both in running our core operations and in developing new opportunities.

  1. Focus on end-markets where we see long term growth potential.
    • We focus on four end-markets: aviation; energy and industrial; environmental laboratories; and molten metals. All have clear structural growth drivers.
  2. Look for applications where product use is mandated and replacement demand is therefore regular.
    • Our products are specialist in nature and typically protect costly or complex downstream systems. As a result they are replaced regularly. A high proportion of our annual revenue is from repeat orders.
  3. Make new product development a core business activity.
    • We encourage new product development in order to generate growth rates in excess of the underlying market. Where possible we build robust intellectual property around our product developments. About 30% of our revenues is derived from patent protected products.
  4. Establish geographic presence where end-markets require.
    • Our geographic presence follows the markets we serve. 47% of revenue is in the Americas, where aviation and metals filtration are strong. 22% of revenue is in Asia, where sales into water analysis markets are growing and the demand for gasification plants is strongest.
  5. Invest in both organic and acquired growth.
    • We aim to meet dividend and investment needs from free cash flow and modest borrowing facilities. In recent years we have expanded manufacturing capacity in the UK, Germany, US and China and made several small acquisitions. All investments are subject to a careful investment hurdle rate analysis based on strategic and financial priorities.

Regulatory News

Additional Listing

22 Jun 2017

Trading Update

05 Jun 2017

AGM resolutions

11 Apr 2017

Financial Calendar

Half year 2017 results announcement

27 Jun 2017

Ex-dividend date

27 Jul 2017

Record date for dividend

28 Jul 2017