Oxford Instruments PLC

Management Reports • Jul 12, 2013

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RNS Number : 1623J

Oxford Instruments PLC

12 July 2013

Release date: 12 July 2013

Oxford Instruments plc

Interim Management Statement

Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, today issues an Interim Management Statement which covers the period from 1 April 2013 to date.

As discussed in our Preliminary Statement, the year started slowly with performance in the first two months of the year down against a very strong comparative period in the prior year.  However, in the third month of the quarter, orders, sales and profits were much improved compared to each of the first two months and were also ahead of the same period in 2012/13.  Average monthly order intake in the quarter was above the monthly average for the last financial year in Asia by 18% but below in North America by 20% and in Europe by 1%.

Our broad spread of geographies and technologies and our strong pipeline of new products continue to underpin the long term prospects for the Group.  The Board anticipates that Oxford Instruments will continue to make progress in line with its expectations for the remainder of the financial year and remains focused on achieving its 14 Cubed objectives.

On 11th June 2013 Jennifer Allerton joined the board as an Independent Non-Executive Director.

Save as described in this statement, there has been no significant change in the financial position of the Group in the period.

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Enquiries:

Oxford Instruments plc                                       Tel: 01865 393200
Jonathan Flint, Chief Executive
Kevin Boyd, Group Finance Director
MHP                                                                    Tel: 020 3128 8100
Rachel Hirst / Ian Payne

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. It provides solutions needed to advance fundamental physics research and its transfer into commercial nanotechnology 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 over fifty years ago, Oxford Instruments is now a global company with over 1900 staff worldwide and is listed on the FTSE250 index of the London Stock Exchange (OXIG).  Its objective is to be the leading provider of new generation tools and systems for the research and industrial sectors.

This involves the combination of core technologies in areas such as low temperature, high magnetic field and ultra high vacuum environments, Nuclear Magnetic Resonance, X-ray, electron and optical based metrology, and 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

The company news service from the London Stock Exchange

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