Interim Management Statement

RNS Number : 3969M

Oxford Instruments PLC

16 July 2014

 



Release date: 16 July 2014

Oxford Instruments plc

Interim Management Statement

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 April 2014 to date.

Orders in the first quarter of the year were above the same period last year despite the worsening foreign exchange environment.  This was on both a reported and constant currency organic basis.

On a constant currency basis, orders were ahead of the same period last year in our major trading regions of Europe, North America and Asia.  Excluding Andor, acquired in January 2014, orders were ahead in North America but lagged in Europe and Asia.

The integration of Andor continues to progress and its performance was slightly ahead of expectations in the first three months of the year.

Our broad spread of geographies and technologies and our strong pipeline of new products continue to underpin the long term prospects for the Group.  The Board anticipates that Oxford Instruments will continue to make progress in line with its expectations for the remainder of the financial year.

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

- Ends -

Enquiries:

Oxford Instruments plc                                       Tel: [phone]

Jonathan Flint, Chief Executive

Kevin Boyd, Group Finance Director

MHP                                                                    Tel: [phone]

Rachel Hirst / Rory King

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 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, Oxford Instruments is now a global company with over 2300 staff worldwide and is listed on the FTSE250 index of 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 with a focus on nanotechnology. Its key market sectors include nano-fabrication and nano-materials. The company's strategy is to expand the business into the life sciences arena, where nanotechnology and biotechnology intersect

This involves the combination of core technologies in areas such as low temperature, high magnetic field and ultra high vacuum environments; Nuclear Magnetic Resonance; x-ray, electron, laser and optical based metrology; atomic force microscopy; optical imaging; advanced growth, deposition and etching.

Oxford Instruments aims to pursue responsible development and deeper understanding of our world through science and technology. Its products, expertise, and ideas address global issues such as energy, environment, security and health. 

 

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