Oxford Instruments PLC Chairman's AGM Statement 2020 (2747Y)
08 9월 2020 - 3:00PM
UK Regulatory
TIDMOXIG
RNS Number : 2747Y
Oxford Instruments PLC
08 September 2020
Oxford Instruments plc
Chairman's AGM Statement 2020
Oxford Instruments plc, a leading provider of high technology
products and services to industrial companies and scientific
research communities, is holding its Annual General Meeting today
at which the Chairman, Neil Carson, will make the following
statement on trading:
The coronavirus has continued to have an impact on trading in
the first five months of the year, with cumulative revenue down 2%
against last year. Revenue has been supported by a strong uplift in
shipments of our compound semiconductor process solutions and
installations of cryogenic and magnet systems, in addition to the
carry-over of systems that we were unable to ship or install in the
final weeks of the last financial year due to the closure of
customer sites and travel restrictions. This has partially offset
lower revenue to academic markets for our scientific cameras,
microscopy products and electron analysers, due to continued
disruption across these customers.
Although there remains considerable uncertainty as to the future
impact and longevity of covid-19 disruption, we have seen modest
order growth over the first five months of trading and a good
improvement in the order book. Strong order growth across
commercial customers, particularly from our compound semiconductor
process solutions, has offset a small decline in orders from
academic customers, where we are seeing a slower rate of
recovery.
The Group's robust trading performance and focus on protecting
its strong balance sheet has resulted in an improvement in net cash
to GBP70.0m as at 7 September 2020 (31 March 2020: GBP67.5m), in
accord with normal seasonal trading patterns.
Oxford Instruments' results for the half year ended 30 September
2020 will be released on 10 November 2020.
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Ian Barkshire, Chief Executive
Gavin Hill, Group Finance Director
MHP Communications Tel: 020 3128 8591
Rachel Hirst/Alice McLaren
- 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 60 years,
supporting its core purpose to address some of the world's most
pressing challenges.
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 strategy focuses on
being a customer-centric, market-focused Group, understanding the
technical and commercial challenges faced by its customers. Key
market segments include Semiconductor & Communications,
Advanced Materials, Healthcare & Life Science, and Quantum
Technology.
Their portfolio includes a range 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; and
advanced growth, deposition and etching.
Oxford Instruments is helping enable a greener economy,
increased connectivity, improved health and leaps in scientific
understanding. Their advanced products and services allow the
world's leading industrial companies and scientific research
communities to image, analyse and manipulate materials down to the
atomic and molecular level, helping to accelerate R&D, increase
manufacturing productivity and make ground breaking
discoveries.
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END
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