Interim Management Statement

RNS Number : 6990Z

Oxford Instruments PLC

19 January 2011

 



Oxford Instruments plc

Interim Management Statement

19 January 2011

Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, today issues an Interim Management Statement which covers the period from 1 October 2010 to date.

The good performance that was seen in the first half of the year has continued into the quarter ending December.  Year to date orders, sales and profits for the Group are all as anticipated and well ahead of the same period last year.

Our Research markets remain robust and orders within our Industrial markets, having recovered in the first half of the year, have continued at a similar level since September.  

In December the Group announced that it had agreed a committed Revolving Credit Facility with a club of three banks.  The new facility, which will last for four years, is for £50 million and is extendable to £70 million by mutual consent. 

Save as described in this statement, there has been no significant change in the financial position of the Group in the period.

The diversity of markets served both commercially and geographically, combined with the Group's pipeline of new products, will continue to provide growth opportunities. The Board anticipates that Oxford Instruments will continue to make good progress in line with its expectations for the remainder of the financial year.

Enquiries:

Oxford Instruments plc                                          Tel: [phone]

Jonathan Flint, Chief Executive

Kevin Boyd, Group Finance Director

MHP Communications                                          Tel: [phone]

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 and systems with a focus on research and industrial applications. It provides solutions needed to advance fundamental physics research and its transfer into commercial nanotechnology 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 over fifty years ago, Oxford Instruments is now a global company with over 1300 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 research and industrial 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. Oxford Instruments' products, expertise, and ideas address global issues such as energy, environment, security and health.  

 

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