26 Jan 2017
N+1 Singer - Renishaw - Interim results and guidance in line with expectations
Renishaw has reported strong sales growth of 21% for H1 17, with margins largely unchanged as investment continues to support the long term. Management has given guidance of £85-105m for FY17 PBT, with the mid-point of £95m just above consensus of c.£92.7m. We view this as a reassuring update, but not one that is likely to drive significant changes to market expectations.
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N+1 Singer - Renishaw - Interim results and guidance in line with expectations
Renishaw plc (RSW:LON) | 4,065 813 0.5% | Mkt Cap: 2,959m
- Published:
26 Jan 2017 -
Author:
Jo Reedman -
Pages:
3
Renishaw has reported strong sales growth of 21% for H1 17, with margins largely unchanged as investment continues to support the long term. Management has given guidance of £85-105m for FY17 PBT, with the mid-point of £95m just above consensus of c.£92.7m. We view this as a reassuring update, but not one that is likely to drive significant changes to market expectations.