Pre-close Trading Update

RNS Number : 3709E

Oxford Instruments PLC

06 April 2011

 



6 April 2011

Oxford Instruments plc

Pre-close Trading Update

Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, is today issuing a trading statement ahead of entering its close period.

Due to the continued strength of both our research and industrial markets, efficiency improvements and positive foreign exchange movements, performance for the year has exceeded our expectations.  We currently expect adjusted profit before tax* for the year to 31 March 2011 to be above market consensus and not less than £25 million.

Oxford Instruments' preliminary results for the year ended 31 March 2011 will be released on Tuesday 14 June.

Ends

*Adjusted figures are stated before other operating income, amortisation of acquired intangibles, reorganisation costs and impairment and unrealised changes in the fair value of financial instruments.

Enquiries:

Oxford Instruments plc                                    Tel:  [phone]

Jonathan Flint   Chief Executive  

Kevin Boyd       Group Finance Director

MHP Communications                                   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 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 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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