Renishaw has released FY19 results below revised guidance with industry challenges to remain through FY20. Stay Neutral. Revenue £574m (-6% YoY, Bloomberg consensus =: £587m), Adjusted PBT £103.9m (-28% YoY, cons.: £111m) , vs recently revised guidance of £580-600m revenue and £105-120m adjusted PBT. Adjusted EPS 119.9p (cons.: 129p), DPS 60p (cons.: 55.7p).
