Trading Update

RNS Number : 5574T

Oxford Instruments PLC

26 March 2021

 

Oxford Instruments plc

Trading Update 26 March 2021

Oxford Instruments plc, a leading provider of high technology products and services to industrial companies and scientific research communities, is today issuing a trading update.

The Group has made good progress in the second half of the financial year, maintaining its good order growth, particularly across Asia, which benefited from a continued strong performance from China. Our end markets have remained resilient, with the strongest growth across semi-conductor applications.

Revenue is expected to be marginally ahead of last year, including a small adverse impact from currency effects. We expect Adjusted operating profit for the 2020/21 financial year to be between £55m to £57m, supported by realised operating efficiencies.  

Oxford Instruments' results for the year ended 31 March 2021 will be released on 8 June 2021.

Note: Adjusted operating profit is before amortisation of acquired intangible assets, fair value movements on financial derivatives and acquisition items.  

This announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of Oxford Instruments is Gavin Hill, Group Finance Director.

Enquiries:

Oxford Instruments plc      Tel:  [phone]

Ian Barkshire, Chief Executive

Gavin Hill, Group Finance Director

MHP Communications   Tel:  [phone]

Katie Hunt/ James Midmer/ Florence Mayo

[e-mail]  

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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 60 years, supporting its core purpose to address some of the world's most pressing challenges. 

The first technology business to be spun out from Oxford University, Oxford Instruments is now a global company and is listed on the FTSE250 index of the London Stock Exchange (OXIG).  Its strategy focuses on being a customer-centric, market-focused Group, understanding the technical and commercial challenges faced by its customers. Key market segments include Semiconductor & Communications, Advanced Materials, Healthcare & Life Science, and Quantum Technology.

Their portfolio includes a range of core technologies in areas such as low temperature and high magnetic field environments; Nuclear Magnetic Resonance; X-ray, electron, laser and optical based metrology; atomic force microscopy; optical imaging; and advanced growth, deposition and etching.

Oxford Instruments is helping enable a greener economy, increased connectivity, improved health and leaps in scientific understanding. Their advanced products and services allow the world's leading industrial companies and scientific research communities to image, analyse and manipulate materials down to the atomic and molecular level, helping to accelerate R&D, increase manufacturing productivity and make ground-breaking discoveries.

 

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