Rotork p.l.c recently issues its Interim Management Statement covering the period from July 1 to November 14, 2013. Third quarter revenue was 13.0% higher than the prior year (+5.4% OCC) while cumulative revenue to October 27 was 13.1% ahead of the prior year.
Rotork Controls cumulative order intake was 1.7% ahead of the prior year with third quarter order intake 3.0% below last year. Project and quote activity remains positive, with demand strong in Asia and North America while Europe and the Indian power markets remain challenging. The division's strategy to broaden its product portfolio and end market exposure has been supported by the acquisition of Schischek with its new products and access to the industrial HVAC market.