New Segmental Reporting struc

RNS Number : 4463B

Oxford Instruments PLC

27 October 2009

 



Oxford Instruments Plc

New Segmental Reporting structure

In June 2009 we announced a change to our segmental reporting structure for the financial year 2009/10 to bring it into line with revised operational arrangements within the Group. 

We will now report in three operating sectors: Nanotechnology Tools, Industrial Products and Service. We previously reported in two operating sectors: Analytical and Superconductivity. These revised sectors align more closely with the way in which we now manage the business and go to market. 

Nanotechnology Tools comprises our NanoScience, NanoAnalysis and Plasma Technology businesses;  Industrial Products contains our Industrial Analysis, Superconducting Wire and Magnetic Resonance  businesses; Service includes our MRI service businesses, Austin Scientific and the service elements of the Nanotechnology Tools and Industrial Products sectors.

2008/09 Restated

The matrices below show 2008/09 half year and full year revenue and trading profit restated into the new segments.  Our half year results for the six months to 30 September 2009, to be announced on 17 November 2009, will be reported under this new structure.

Half year to 30 September 2008

	Nano-	Industrial		Inter-
Revenue	technology Tools	products	Service	segment Elimination	Total
Analytical	32.1	21.3	9.9	-	63.3
Superconductivity	7.8	14.7	7.5	(0.5)	29.5
	39.9	36.0	17.4	(0.5)	92.8

	Nano-	Industrial		Inter-
Trading profit	technology Tools	products	Service	segment Elimination	Total
Analytical	4.2	(0.4)	1.6	-	5.4
Superconductivity	(2.0)	(0.7)	0.8	-	(1.9)
	2.2	(1.1)	2.4	-	3.5

Year to 31 March 2009

	Nano-	Industrial		Inter-
Revenue	technology Tools	products	Service	segment Elimination	Total
Analytical	71.1	42.4	21.2	-	134.7
Superconductivity	23.1	33.1	16.7	(1.1)	71.8
	94.2	75.5	37.9	(1.1)	206.5

	Nano-	Industrial		Inter-
Trading profit	technology Tools	products	Service	segment Elimination	Total
Analytical	8.9	(1.3)	3.5	-	11.1
Superconductivity	(0.3)	-	2.3	-	2.0
	8.6	(1.3)	5.8	-	13.1

Enquiries:

Oxford Instruments plc		Tel: [phone]
Jonathan Flint	Chief Executive
Kevin Boyd	Group Finance Director

Hogarth Partnership	Tel: [phone]
Rachel Hirst
Ian Payne

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 and optical based metrology, and advanced growth, deposition and etching. Our products, expertise, and ideas address global issues such as energy, environment, security and health.  

 

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