Chairman's AGM Statement 2019

RNS Number : 7319L

Oxford Instruments PLC

10 September 2019

 

 Oxford Instruments plc

Chairman's AGM Statement 2019

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:

"Reported revenue and operating profit year to date is above last year, with modest constant currency progress supported by favourable currency movements.

"Looking ahead, we expect the second half of the financial year to benefit from the normal seasonal bias, with expectations for the full year remaining unchanged." 

Note: Oxford Instruments compiled analyst forecast range for adjusted operating profit (year to 31 March 2020): £51.5m to £53.0m, with an average consensus of £52.5m.

Enquiries:

Oxford Instruments plc                                                          Tel:  [phone]

Ian Barkshire, Chief Executive

Gavin Hill, Group Finance Director

MHP Communications                                                           Tel:  [phone]

Rachel Hirst/Luke Briggs

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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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