Engineering sustainable growth.

Spirax Group has a strong track record of delivering sustainable value to shareholders through economic cycles. Our knowledge and understanding of customers and markets enables us to assess where to invest for future returns. We take a long-term view and operate in a way that aims to deliver long-term value for our six stakeholder groups, whether colleagues, customers, suppliers, the environment, our local communities or shareholders in line with our Group’s Purpose. Our aim is to create a positive impact in everything we do.


Our products, solutions and expertise are critical to the operating efficiency and safety of our customers’ thermal energy and fluid technology processes. Our global direct sales force serve our customers, through building close, local relationships, with a focus on consultative, solution-selling and pricing based on customer economics. Read more about the Group in 'An Introduction to Spirax Group'.

Solving customer problems has long been at the heart of our differentiated ‘Customer Solutions’ Business Model.

Our Customer Solutions Business Model

  • ~2,900* Direct sales and service engineers in ~70 countries

  • 100k+ Customers served

  • 60% Sales from defensive sectors

*includes technical application engineers and inside sales team

Together across our three Businesses, as Spirax Group, our long-term ambition is to accelerate our compounding sales growth and improve margins, enhancing our proven track record of strong EPS growth.

  • Proven capability to outperform IP through solution selling

  • Resilience from defensive sector exposure and MRO demand

  • Solution selling and value-based pricing underpins attractive margin

  • Uniquely placed to lead the decarbonisation of steam generation

Long term sales growth: >2x Industrial Production growth


Sustainable margin: 23.5%+

 

Across these three high-quality Businesses, we are well positioned to benefit from mega-trends which are defining the world around us. These four trends underscore our potential for growth, through the structural attractiveness of our existing end-markets and scope to expand our addressable markets.

...continuing to expand our annual addressable market.

Addressing our customers’ resource efficiency and sustainability needs has expanded our annual addressable market by 60%, compared to 2023. Our base addressable market is ~£11 billion. 

A focus on the electrification of steam generation, through solutions we refer to as TargetZero, add ~£2 billion to our addressable market. 

Additionally, there is opportunity in the decarbonisation of thermal energy beyond steam. Solutions we refer to as PoweringZero, add ~£5 billion to our addressable market.

We expect our annual addressable market to expand further linked to IP-related growth, high growth in our target sectors and pricing. 

A table demonstrating our strengths for critical products that support critical processes and a strong financial track record

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Results, Reports and Presentations

Access our back catalogue of Results Presentations, Annual Reports, Announcements and Investor Seminars, including our 2025 Full Year Results materials.

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Regulatory News

Our latest Regulatory News, updated via a live feed from the London Stock Exchange.

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