Spirax Group PLC

SPX: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Spirax Earnings: Turnaround Is Progressing as Anticipated; Shares Remain Cheap

Matthew Donen

Nov 13, 2025

Spirax provided a short trading update for the four months ended Oct. 31, 2025. No precise figures were given, but management confirmed its full-year outlook and announced that group organic revenue growth and margin are ahead of the first half. Shares are trading 3% higher intraday Nov. 13.

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Spirax Group PLC

Spirax Earnings: Turnaround Is Progressing as Anticipated; Shares Remain Cheap

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