UK industrial valve manufacturer Rotork has announced an 11.8% increase in orders in the third quarter of 2017 and a 5.1% increase in revenue.
Cumulative orders in the year to 29 October were up 15.3% on the comparable period the previous year, with an 8.9% increase in revenue. The order book at 29 October stood at £219.4m, 21.4% higher than at 31 December 2016.
The company’s trading update reported that growth was a continuation of the slightly more favourable market trends seen during the first half of the year.
“We saw good progress across the water, power and industrial process markets. Geographically we saw growth in the Middle East, parts of Asia, North America and Europe while Latin America remained subdued,” it said.