Rotork orders hit record

19th Nov 2010 07:23

Record orders over the past three months have kept valve and actuators group Rotork on course this year. "Order intake in the period remained strong, with the third quarter 28% higher than the prior year, a new record," the firm said. Cumulative order intake to the 31 October was 17.3% ahead of 2009 with the resultant order book standing at £151m on that date. "Revenue and margins have been consistent with management expectations and the full year profit outlook remains in line with previous guidance and market consensus," it added.Oil and gas infrastructure investment in upstream, midstream and downstream markets is good, Rotork added while water and power are regionally focused, with continued weakness in Europe offset by increased activity in Asia.