Oxford Instruments plc
Full Year Trading Update - 13 April 2022
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 for the year ending 31 March 2022.
We expect revenue and adjusted operating profit for the full year ending 31 March 2022 to be marginally ahead of our expectations, despite supply chain disruption and cost inflation. The Group is expected to deliver further improvement in operating margin, as our Horizon strategy drives growth in attractive end markets, improved operational efficiency and the transformation of our service offering.
This full year performance reflects good progress in the second half of the financial year, with continued strong order growth, supported by resilient end-markets, leaving the Group with a healthy order book as it enters the current financial year.
Oxford Instruments' results for the full year ending 31 March 2022 will be released on 14 June 2022.
Notes:
1. adjusted operating profit is before amortisation and impairment of acquired intangible assets, acquisition items, and the mark-to-market revaluation of financial derivatives
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Ian Barkshire, Group Chief Executive
Gavin Hill, Chief Financial Officer
MHP Communications Tel: 020 3128 8990
Katie Hunt/Peter Lambie/Charlie Protheroe
- Ends -
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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