Oxford Instruments PLC Trading Update (4889K)
11 4월 2018 - 3:00PM
UK Regulatory
TIDMOXIG
RNS Number : 4889K
Oxford Instruments PLC
11 April 2018
Oxford Instruments plc
Trading Update 11 April 2018
Oxford Instruments plc, a leading provider of high technology
products and services to industrial companies and scientific
research communities, is today issuing a trading statement ahead of
entering its close period.
As predicted, trading in the second half of the year was
supported by a growing order book, our normal second half seasonal
bias and currency benefits. We expect performance for the full year
to be in line with expectations.
Cash generation in the year is as anticipated with a strong
reduction in net debt at 31 March 2018 against 30 September 2017.
The phasing of shipments towards the end of the year for some of
our higher value systems will lead to a short-term increase in
trade receivables and moderate cash conversion for the year.
We remain confident in our ability to deliver good underlying
growth from the continued implementation of our Horizon strategy.
In the next financial year we expect to see an improvement in
performance on a reported basis* after allowing for the impact of
an anticipated currency headwind, based on current foreign exchange
rates.
Oxford Instruments' results for the year ended 31 March 2018
will be released on 12 June 2018.
* before the adoption of IFRS 15 'Revenue for Contracts with
Customers' and IFRS 16 'Leases'
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Ian Barkshire, Chief Executive
Gavin Hill, Group Finance Director
MHP Communications Tel: 020 3128 8100
Rachel Hirst/Luke Briggs
- Ends -
Issued for and on behalf of Oxford Instruments plc
Notes to Editors
About Oxford Instruments plc
Oxford Instruments designs, supplies and supports
high-technology tools and systems with a focus on research and
industrial 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, Oxford Instruments is now a global company and is
listed 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 with a focus on nanotechnology. Its
key market sectors include nano-fabrication and nano-materials. The
company's strategy is to expand the business into the life sciences
arena, where nanotechnology and biotechnology intersect.
This involves the combination of core technologies in areas such
as low temperature and high magnetic field environments; Nuclear
Magnetic Resonance; X-ray, electron, laser and optical based
metrology; atomic force microscopy; optical imaging; 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, security and health.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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