11 April 2019
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.
As predicted, trading in the second half of the year was supported by a strong order book and our normal second half seasonal bias. We expect adjusted operating profit for the full year to be around the higher end of expectations1, despite a small adverse currency effect.
A good cash conversion during the year has resulted in the Group achieving a positive net cash position as at 31 March 2019.
Oxford Instruments’ results for the year ended 31 March 2019 will be released on 11 June 2019.
1 Oxford Instruments compiled analyst forecast range for adjusted operating profit (year to 31 March 2019): £46.0m to £49.2m