09 Jun 2015
FY15 results in line, some concerns regarding prospects
Oxford Instruments has reported FY2015 results in line with expectations. Management has reiterated expectations for FY16 despite a slow start to the year, due to higher than expected cost savings. However we also note the flat order book and the guidance that £4m of service sales are expected to disappear, which provoke some concerns regarding prospects.
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FY15 results in line, some concerns regarding prospects
Oxford Instruments plc (OXIG:LON) | 2,110 0 0.0% | Mkt Cap: 1,221m
- Published:
09 Jun 2015 -
Author:
Jo Reedman -
Pages:
3
Oxford Instruments has reported FY2015 results in line with expectations. Management has reiterated expectations for FY16 despite a slow start to the year, due to higher than expected cost savings. However we also note the flat order book and the guidance that £4m of service sales are expected to disappear, which provoke some concerns regarding prospects.