10 September 2019

Chairman's AGM Statement

Oxford Instruments plc, a leading provider of high technology products and services to industrial companies and scientific research communities, is holding its Annual General Meeting today at which the Chairman, Neil Carson, will make the following statement on trading:

“Reported revenue and operating profit year to date are above last year, with modest constant currency progress supported by favourable currency movements.

“Looking ahead, we expect the second half of the financial year to benefit from the normal seasonal bias, with expectations for the full year remaining unchanged.” 

Note: Oxford Instruments compiled analyst forecast range for adjusted operating profit (year to 31 March 2020): £51.5m to £53.0m, with an average consensus of £52.5m.