Interim Management Statement (8030V)
19 1월 2012 - 4:00PM
UK Regulatory
TIDMOXIG
RNS Number : 8030V
Oxford Instruments PLC
19 January 2012
Oxford Instruments plc
Interim Management Statement
19 January 2012
Oxford Instruments plc, a leading provider of high technology
tools and systems for industry and research, today issues an
Interim Management Statement which covers the period from 1 October
2011 to date.
Orders within both our Research and Industrial markets remained
robust with the exception that, as expected, orders for High
Brightness LED related equipment within our Plasma Technology
business unit have fallen as overcapacity in this industry takes
effect. Despite this, orders, sales and profits for the Group for
the year to date and for the third quarter are ahead of the
corresponding period last year and consistent with our
expectations.
On 20 October 2011 the Group disposed of a non-core Industrial
product line that we produced for a single customer, to that
customer. A consideration of GBP7.1 million was paid on completion,
with a further GBP1.0 million receivable on the completion of a
Transitional Services Agreement.
On 4 November 2011 the Group announced the acquisition of
Platinum Medical Imaging LLC (Platinum) for an initial debt free,
cash free consideration of US$18 million with a deferred element of
up to US$37 million payable over three years dependent on its
performance over that period. The combination of Platinum with our
existing MRI Service business in North America significantly
strengthens the Group's Service Sector offering, and its
integration is progressing to plan.
Save as described in this statement, there has been no
significant change in the financial position of the Group in the
period.
Our broad spread of geographies and technologies, and our strong
pipeline of new products should help us to remain resilient in the
event of a global economic downturn. The Board anticipates that
Oxford Instruments will continue to make good progress in line with
its expectations for the remainder of the financial year and
consistent with its 14 cubed objectives.
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Jonathan Flint, Chief Executive
Kevin Boyd, Group Finance Director
MHP Tel: 020 3128 8100
Rachel Hirst / Ian Payne
This Interim Management Statement contains certain
forward-looking statements which have been made by the Directors in
good faith using information available up until the date they
approved the Statement. Forward-looking statements should be
regarded with caution as by their nature such statements involve
risk and uncertainties relating to events and circumstances that
may occur in the future. Actual results may differ from those
expressed in such statements, depending on the outcome of these
uncertain future events.
Notes to Editors
Oxford Instruments designs, supplies and supports
high-technology tools and systems with a focus on research and
industrial applications. It provides solutions needed to advance
fundamental physics research and its transfer into commercial
nanotechnology applications. Innovation has been the driving force
behind Oxford Instruments' growth and success for over 50 years,
and its strategy is to effect the successful commercialisation of
these ideas by bringing them to market in a timely and
customer-focused fashion.
The first technology business to be spun out from Oxford
University over fifty years ago, Oxford Instruments is now a global
company with over 1900 staff worldwide and is a member of the
FTSE250 index on the London Stock Exchange (OXIG). Its objective is
to be the leading provider of new generation tools and systems for
the research and industrial sectors.
This involves the combination of core technologies in areas such
as low temperature, high magnetic field and ultra high vacuum
environments, Nuclear Magnetic Resonance, X-ray, electron and
optical based metrology, and advanced growth, deposition and
etching.
Oxford Instruments aims to pursue responsible development and
deeper understanding of our world through science and technology.
Its' products, expertise, and ideas address global issues such as
energy, environment and health.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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