12 Sep 2017
N+1 Singer - Oxford Instruments - FY18 guidance maintained, but dependent on stronger H2
Oxford Instruments’ AGM update has maintained guidance for the full year, but with a weighting to H2. Revenues and profits for the first five months are down at constant exchange rates, driven by lower sales of optical microscopy products and a change in mix towards magnetic and cryogenic systems which have longer lead times. Revenues for the first five months are flat post FX gains. Management expects a stronger H2 performance due to a combination of normal seasonal bias, plus the impact of new ....
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N+1 Singer - Oxford Instruments - FY18 guidance maintained, but dependent on stronger H2
Oxford Instruments plc (OXIG:LON) | 2,110 1055 2.4% | Mkt Cap: 1,221m
- Published:
12 Sep 2017 -
Author:
Jo Reedman -
Pages:
3
Oxford Instruments’ AGM update has maintained guidance for the full year, but with a weighting to H2. Revenues and profits for the first five months are down at constant exchange rates, driven by lower sales of optical microscopy products and a change in mix towards magnetic and cryogenic systems which have longer lead times. Revenues for the first five months are flat post FX gains. Management expects a stronger H2 performance due to a combination of normal seasonal bias, plus the impact of new ....