ROR Rotork Plc

Rotork PLC (ROR.LN), an actuator manufacturer, said Friday the year has begun well and in line with company expectations.

MAIN FACTS:

-The order book and current trading levels support confidence that the company will make progress again this year as it continues to see increased activity in many of end user markets and geographies.

-Order intake has picked up in the first quarter, albeit marginally down on the record order intake achieved in the first quarter of 2009.

-Shipments in the quarter are as expected, down 8% on the record levels set last year when the order book had been at an all time high.

-The order book at the end of March stood at GBP130 million which was slightly higher than the year-end position but 10% down on the same period last year.

-The competitive environment remains challenging and Co. experiencing increased pricing pressure however anticipates this will soften as activity levels continue to increase.

-Cash balances at the end of March were GBP84 million.

-There have been no material events or transactions affecting the Group in the period.

-Shares at 1134 GMT up 23 pence, or 1.6%, at 1421 pence.

-By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com

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