22 Jan 2016
Q3 trading update in line
Oxford Instruments’ trading update has guided to Q3 performance in line with expectations and confidence in meeting forecasts for the year to March 2016. We read this as a small decline in sales in the period, but an increase in order intake and order book. Meanwhile net debt of £146m has scope to fall below our forecasts by the year end. We do not anticipate making significant changes to our forecasts and would expect a positive share price response.
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Q3 trading update in line
Oxford Instruments plc (OXIG:LON) | 2,180 1199 2.6% | Mkt Cap: 1,263m
- Published:
22 Jan 2016 -
Author:
Jo Reedman -
Pages:
3
Oxford Instruments’ trading update has guided to Q3 performance in line with expectations and confidence in meeting forecasts for the year to March 2016. We read this as a small decline in sales in the period, but an increase in order intake and order book. Meanwhile net debt of £146m has scope to fall below our forecasts by the year end. We do not anticipate making significant changes to our forecasts and would expect a positive share price response.