Oxford Instruments PLC Half Year Trading Update (6889C)
13 10월 2022 - 3:00PM
UK Regulatory
TIDMOXIG
RNS Number : 6889C
Oxford Instruments PLC
13 October 2022
Oxford Instruments plc
Half Year Trading Update - 13 October 2022
In line with constant currency expectations for the full
year
Oxford Instruments plc, a global provider of high technology
products and services to many of the world's leading companies and
scientific research communities, is today issuing a trading update
for the half year ended 30 September 2022.
We have made good progress in the first half of the financial
year, with continued strong demand for our products and services.
On a constant currency basis, orders were ahead of revenue during
the period and ahead of orders for the first half of last year. On
a reported basis we expect strong revenue and adjusted operating
profit(1) growth for the first six months of the year, supported by
a currency tailwind. Constant currency growth has been tempered in
the first half by global supply chain challenges, as well as price
rises not yet offsetting inflationary pressures due to phasing of
the order book.
The business continues to see good order growth as we address
cost inflation through active price management. We continue to
invest in the business to drive future growth, including new
product development, as well as enhancements to operational
delivery and service to support our growing business.
Our pipeline remains robust across all our end markets. We
anticipate higher production in the second half, combined with the
positive impact of recent price increases as we convert our record
order book. This provides good visibility for an expected
improvement in trading in the second half, with full year trading
at constant currency remaining in line with expectations.
Our balance sheet remains strong. Excluding leases, our net cash
on 30 September 2022 was approximately GBP94m, up from GBP86m on 31
March 2022.
Oxford Instruments' results for the half year ending 30
September 2022 will be released on 8 November 2022.
Notes:
1. adjusted operating profit is before amortisation and
impairment of acquired intangible assets, acquisition items, and
the mark-to-market revaluation of financial derivatives
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Ian Barkshire, Group Chief Executive
Gavin Hill, Chief Financial Officer
Julian Wais, Head of Investor Relations
MHP Communications Tel: 020 3128 8100
Katie Hunt/Eleni Menikou/Veronica Farah
oxfordinstruments@mhpc.com
- Ends -
Issued for and on behalf of Oxford Instruments plc
Notes to Editors
About Oxford Instruments plc
Notes to Editors
About Oxford Instruments plc
Oxford Instruments designs, supplies and supports
high-technology products and systems which allow the world's
leading companies and scientific research communities to image,
analyse and manipulate materials down to the atomic and molecular
level . The Group's products and services help its customers to
accelerate R&D, increase manufacturing productivity and make
ground-breaking discoveries across its key market segments:
Semiconductor & Communications, Advanced Materials, Healthcare
& Life Science, Energy & Environment and Quantum
Technology.
Innovation is the driving force behind Oxford Instruments'
growth and success, supporting its core purpose to enable a
greener, healthier, more connected advanced society. Founded in
1959 as the first technology business to be spun out from Oxford
University, Oxford Instruments is now a global company listed on
the FTSE250 index of the London Stock Exchange (OXIG). Its
customer-centric, market-focused strategy creates competitive
advantage through understanding the technical and commercial
challenges in markets with long-term structural growth drivers.
For more information, visit www.oxinst.com
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END
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