Renishaw reported strong underlying sales growth of 12% for H1 17, with margins largely unchanged as investment continues to support long term growth. Improving industrial indicators suggest strong sales growth should continue or even accelerate over the coming months. However accompanying cost growth remains difficult to forecast, reflecting the group’s long-term approach to developing the business. Management has provided guidance for FY17 sales of £500-530m and PBT of £85-105m, with the mid-p ....
30 Jan 2017
N+1 Singer - Renishaw - H1 results in line; backdrop more supportive
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N+1 Singer - Renishaw - H1 results in line; backdrop more supportive
Renishaw plc (RSW:LON) | 4,032 0 0.0% | Mkt Cap: 2,935m
- Published:
30 Jan 2017 -
Author:
Jo Reedman -
Pages:
5
Renishaw reported strong underlying sales growth of 12% for H1 17, with margins largely unchanged as investment continues to support long term growth. Improving industrial indicators suggest strong sales growth should continue or even accelerate over the coming months. However accompanying cost growth remains difficult to forecast, reflecting the group’s long-term approach to developing the business. Management has provided guidance for FY17 sales of £500-530m and PBT of £85-105m, with the mid-p ....