Pre-close Trading Update

RNS Number : 4651E

Oxford Instruments PLC

10 April 2014

 



Release Date: 10 April 2014

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.

As anticipated, there was a strong trading performance in the last quarter. The integration of Andor Technology is proceeding to plan and has aided the results; however this has been offset by the strength of sterling against our main trading currencies.  As a result we reiterate the guidance given in our February IMS that we expect performance for the year to be in-line with the prior year.

Oxford Instruments' preliminary results for the year ended 31 March 2014 will be released on Tuesday 10 June.

Ends

* Adjusting items comprise profit or loss on disposal of business lines, certain impairments, amortisation of acquired intangibles, reversal of acquisition related fair value adjustments to inventory, acquisition costs and mark to market gains or losses in respect of certain derivatives.

Enquiries:

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

MHP Communications	Tel:  [phone]
Rachel Hirst
Rory King

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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