11 September 2018
Oxford Instruments plc Interim Chairman’s AGM Statement 2018
Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, is holding its Annual General Meeting today at which the interim Chairman, Stephen Blair, will make the following statement:
“Following the sad news regarding the death of our Chairman, Alan Thomson, I have taken over as interim Chairman until a successor is appointed. Alan had been Chairman since September 2016 and brought a wealth of experience and wisdom to the role. He will be very much missed by all of us at Oxford Instruments. The Board has commenced a process to appoint Alan’s successor.
“Turning to trading for the first five months of the current year. The business has had a good start with strong growth in orders against last year across all three sectors: Materials & Characterisation, Research & Discovery, and Service & Healthcare. This has translated into reported and constant currency revenue growth for the Group. Operating profit is ahead of last year on a reported and constant currency basis.
“Looking ahead, we expect the second half of the financial year to benefit from the normal seasonal bias, with expectations for the full year remaining unchanged.”
Oxford Instruments plc Tel: 01865 393200
Ian Barkshire, Chief Executive
Gavin Hill, Group Finance Director
MHP Communications Tel: 020 3128 8100
Rachel Hirst/Luke Briggs