
15 Jun 2016
FY16 results in line, modest progress in FY17 to date
Oxford Instruments has reported FY16 results in line with expectations, with a decline in sales but a 3.6% increase in PBT due to cost saving measures, and a reassuring reduction in net debt/EBITDA. Market conditions remain uncertain, but order intake was almost in line with the previous year, and the first two months of FY17 have seen flat sales and a marginal improvement in profits. We do not anticipate making significant changes to our P&L forecasts, although we expect to reduce our forecast ....

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FY16 results in line, modest progress in FY17 to date
Oxford Instruments plc (OXIG:LON) | 2,022 404.5 1.0% | Mkt Cap: 1,174m
- Published:
15 Jun 2016 -
Author:
Singer CM Team -
Pages:
3 -
Oxford Instruments has reported FY16 results in line with expectations, with a decline in sales but a 3.6% increase in PBT due to cost saving measures, and a reassuring reduction in net debt/EBITDA. Market conditions remain uncertain, but order intake was almost in line with the previous year, and the first two months of FY17 have seen flat sales and a marginal improvement in profits. We do not anticipate making significant changes to our P&L forecasts, although we expect to reduce our forecast ....