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 semiconductor 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.
Oxford Instruments plc Tel: 01865 393200
Ian Barkshire, Chief Executive
Gavin Hill, Group Finance Director
MHP Communications Tel: 020 3128 8572
Katie Hunt/ James Midmer/ Florence Mayo