StockMarketWire.com - Instrumentation and controls company Spectris said its like-for-like sales were flat in the four months through October against a tough comparative in the previous year.

Reported sales over the same period rose 4%.

For the 10 months through October, like-for-like sales rose 1% and reported sales rose 4%.

Spectris said its profit improvement programme remained on track to deliver benefits at the upper end of £15m-to-£20m range, mitigating the impact of macroeconomic headwinds.

The sale of its BTG business was expected to completed by the start of December, while the company's full-year 2019 performance was anticipated to be in line with expectations.

'Our LFL sales were flat in the period, up 1% in the year to date, against a tough comparator last year and the slowdown in the macroeconomic environment,' chief executive Andrew Heath said.

'We have the usual second half weighting and significant fourth quarter to deliver.'

'We remain on track to meet our expectations, subject to end markets not deteriorating further, as we continue to focus on what we can control.'

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