13 April 2022

Full Year Trading Update

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