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BUZZ-Spectris: stock hits 2.5-wk lows as Q1 underwhelms

Reuters - UK Focus

** Spectris (Other OTC: SEPJF - news) down c.2 pct as the testing & control equipment maker's Q1 LfL sales growth disappoints

** Organic LfL sales up 1 pct in Q1 on a constant currency basis, short of analyst expectations and materially slower than the rebound seen in Q4

** Co blames lower sales to the pulp and paper industry, particularly in Asia Pacific, and decline in sales to the academic research sector

** N+1 Singer expects to trim FY forecasts of revenue of 1.27 bln stg and adjusted pretax profit of 209.2 mln stg by low single digit pct given the weaker-than-expected growth in Q1 (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.net@reuters.net)