Rotork PLC's (LON:ROR) interim results show the benefit of a couple of larger new business wins, and as a result, the engineering group continues to have a positive market outlook.
Order intake during the six month period rose by 9.1% to £364.7mln, whilst revenue was reported at £331.0mln, up from £299.7mln.
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The metrics are more impressive when seen through an organic constant currency lens, on that basis, they rose by 13.3% and 14.8% respectively.
Pre-tax profit rose 12.1% to £54.7m, from £48.8mln, and in constant currency, it grew by 17.2%.
Rotork increased its dividend payout, to 2.2p from 2.05p in the first half of last year.
"During the first half of the year we saw a continuation of the more favourable market trends seen during the final quarter of 2017 as well as the receipt of several larger orders in the first quarter,” said Kevin Hostetler, Rotork's chief executive.
Looking ahead, Hostetler added: "Management expectations for OCC growth are unchanged.
“We expect revenues for the full year to show high single digit growth over last year on a reported basis, with currency headwinds reduced to circa 3% at current exchange rates.
“We continue to expect adjusted operating margins to be slightly ahead of the prior year."