Interim Management Statement

RNS Number : 4716H

Oxford Instruments PLC

12 July 2012

 



Oxford Instruments plc

Interim Management Statement

12 July 2012

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 2012 to date.

The Group has made an encouraging start to the year with orders, sales and profits all ahead of the same period last year on both an organic and reported basis.

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

Our markets remain strong despite continued economic uncertainty, particularly in Europe. A healthy pipeline of new product introductions is in place and we are investing across the business to increase efficiency, strengthen our market positions and drive further profitable growth. Accordingly, the Board anticipates that Oxford Instruments will continue to make good progress in line with its expectations for the financial year and consistent with its 14 cubed objectives.

Enquiries:

Oxford Instruments plc
Jonathan Flint, Chief Executive	Tel: [phone]
Kevin Boyd, Group Finance Director
MHP
Rachel Hirst / Ian Payne	Tel: [phone]

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 1900 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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