Rotork PLC (ROR.LN), an actuator manufacturer, said Friday that order intake in the third quarter remained strong--28% higher than the prior year--giving the company confidence in the full year outcome and supports its expectations for further progress in 2011.

MAIN FACTS:

-Cumulative order intake to Oct. 31 was 17.3% ahead of 2009 with the resultant order book standing at GBP151 million 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.

-Project and quotation activity continue to be robust, however, there are some regional and end market variations.

-Oil and gas infrastructure investment in upstream, midstream and downstream markets is positive.

-Water and power are regionally focused and we anticipate continued weakness in Europe with increased activity in Asia.

-The Group continues to maintain a strong balance sheet and has benefited from strong operating cash flows.

-Shares closed Thursday at 1660.0 pence.

By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com
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