Oxford Instruments - AGM Statement
Chairman's AGM Statement 2017
"This is my first AGM as Chairman of the Group and it is a privilege to lead the Group as it becomes increasingly customer-focused, while retaining its leading edge technical solutions. I would like to welcome
"As previously reported, in the year to
"Turning to trading for the first five months of the current year: reported revenue is in line with last year, supported by favourable currency benefits. In the same period, revenue and operating profit at constant currency is behind last year due to lower optical microscopy sales and an increase in the proportion of customised magnet and cryogenic systems with longer production lead times.
"Looking ahead, we expect the second half of the financial year to benefit from the timing of new product introductions and the normal seasonal bias, as well as from the favourable currency impact. Overall, expectations for the full year remain unchanged."
Oxford Instruments plc Tel: 01865 393200
Ian Barkshire, Chief Executive
Gavin Hill, Group Finance Director
Rachel Hirst/Luke Briggs
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Notes to Editors
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 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, Oxford Instruments is now a global company and is listed on the
This involves the combination 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; advanced growth, deposition and etching.
Oxford Instruments aims to pursue responsible development and deeper understanding of our world through science and technology. Its products, expertise, and ideas address global issues such as energy, environment, security and health.
This information is provided by RNS
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