Oxford Instruments PLC
14 January 2008
14 January 2008
Oxford Instruments plc (the "Company")
Interim Management Statement
Oxford Instruments plc, the high technology tools and systems company, issues
today an Interim Management Statement which covers the period from
1 October 2007 to 14 January 2008, as required by the UK Listing Authority's
Disclosure and Transparency Rules.
Financial Position and Performance of the Company
Revenues in the period were in line with the Board's forecasts and above the
same period last year.
Our core environmental and nanotechnology markets remain robust despite market
concerns over global economic conditions. Our Research and Development programme
continues to convert our technological capabilities into innovative new
products, meeting the needs of our customers. This combination of robust markets
and commercially orientated innovation has helped to ensure that our organic
growth plans remain on track. Furthermore, the integration of our two recent
acquisitions, Vericold and WAS, is proceeding to plan with strong trading
results to date from both companies.
Save as described in this statement, there has been no significant change in the
financial position of the Group in the period. The Board continues to be
confident that the Group's full year performance will meet expectations.
Jonathan Flint
Chief Executive
- Ends -
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Jonathan Flint, Chief Executive
Kevin Boyd, Group Finance Director
Hogarth Partnership Limited Tel: 020 7357 9477
Rachel Hirst / Andrew Jaques / 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,
processes and solutions with a focus on physical science, bioscience,
environmental and industrial research and applications. It provides solutions
needed to advance fundamental nanoscience research and its transfer into
commercial nanotechnology applications. Innovation has been the driving force
behind Oxford Instruments' growth and success for over 40 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 forty
years ago, Oxford Instruments is now a global company with over 1500 staff
worldwide and a listing on the London Stock Exchange (OXIG). Its objective is to
be the leading provider of new generation tools and systems for the Physical
Science and Bioscience sectors.
This involves the combination of core technologies in areas such as low
temperature and high magnetic field environments, Nuclear Magnetic Resonance,
X-ray electron and optical based metrology, and advanced growth, deposition and
etching. Our products, expertise, and ideas address global issues such as
energy, environment, terrorism and health and are part of the next generation of
telecommunications, energy products, environmental measures, security devices,
drug discovery and medical advances.
This information is provided by RNS
The company news service from the London Stock Exchange
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