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rotork Rotork Plc Trading update Order intake growth in - line with expectations , near term deliveries delayed by supply chain constraints 18 November 2021 Rotork plc ( " Rotork " ) , the global flow control and instrumentation group , today issues the following trading update covering the four - month period to 31 October 2021 . Trading update Order intake in the four - month period was up a high single digit percentage year - on - year on an OCC¹ basis with each division's orders ahead . During the period we saw a pick - up in project and environmental related activity . The majority of Rotork's activity continues to be driven by customers ' operational rather than capital expenditure and they continue to spend on automation and electrification projects as well as maintenance and refurbishment . In the last few months component sourcing has become even more challenging and deliveries of materials sourced from Asia Pacific regularly delayed , sometimes with little notice . Most affected have been chipsets and electronics , critical components of our market leading electric actuators . The result has been closures of production lines that have in some cases lasted several weeks . Consequently , revenues in the four months were down year - on - year on an OCC basis . Adjusted operating profit margins in the period benefited from continued execution of the Growth Acceleration Programme and our focus on managing materials inflation , but the benefits compared to the prior year period were more than offset by the impact of the significantly reduced volumes , operational inefficiencies and increased logistics costs . Our work to develop a net - zero emissions roadmap continues and we will update on progress at our full - year results . S & P Global recently ranked Rotork in the top quintile globally in the Machinery and Electrical Equipment industry in its highly regarded Corporate Sustainability Assessment . We note the successful signing of the Global Methane Pledge by more than 100 countries at COP26 and anticipate our work with customers to reduce their methane emissions accelerating in 2022 . Rotork remains highly cash generative with a strong balance sheet . Net cash at 31 October 2021 was £ 103.2m ( £ 178.1m at 31 December 2020 ) . During the period we paid an interim dividend of £ 20.5m ( on 24 September 2021 ) and returned £ 44.2m to shareholders through our £ 50.0m share buyback programme which was completed on 9 November 2021 . Outlook The growth in order intake seen in the second quarter has continued over the summer and through October , in - line with our expectations . However , we anticipate the supply chain disruption currently being experienced will continue at least in the near term . As a result , we expect second half revenue to be similar to the first half with adjusted operating margins slightly ahead of the first half . We anticipate entering 2022 with a record year end order book . Rotork will publish 2021 full - year results on Tuesday 1 March 2022 . 1 OCC is organic constant currency results excluding acquired and discontinued businesses and restated at 2020 exchange rates