Interim Management Statement

RNS Number : 8120F

Oxford Instruments PLC

20 January 2010

 



20 January 2010

Oxford Instruments plc

Interim Management Statement

Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, issues today an Interim Management Statement which covers the period from 1 October 2009 to 19 January 2010.

Performance in the period was in line with the Board's expectations and above the same period in the prior year,  aided by the effects of the restructuring programme implemented last year and favourable currency movements.   

Net debt at the end of December stood at £19.1 million after including the receipt of a customer deposit of £10.2 million relating to the EU ITER order that was announced in July 2009.

Our Research markets remain robust. The tentative signs of improvement in our Industrial markets that we commented upon in our Half Year Report continue, albeit from a low level and visibility remains limited. 

Save as described in this statement, there has been no significant change in the financial position of the Group in the period. The Board continues to be confident that the Group's full year performance will meet its expectations. 

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Enquiries:
Oxford Instruments plc	Tel: [phone]
Jonathan Flint, Chief Executive
Kevin Boyd, Group Finance Director
Hogarth	Tel: [phone]
Rachel Hirst / Andrew Jaques / Ian Payne

This Interim Management Statement contains certain forward-looking statements which have been made by the Directors in good faith using information available up until the date they approved the Statement. Forward-looking statements should be regarded with caution as by their nature such statements involve risk and uncertainties relating to events and circumstances that may occur in the future. Actual results may differ from those expressed in such statements, depending on the outcome of these uncertain future events.

Notes to Editors

Oxford Instruments designs, supplies and supports high-technology tools and systems with a focus on research and industrial applications. It provides solutions needed to advance fundamental physics research and its transfer into commercial nanotechnology applications. Innovation has been the driving force behind Oxford Instruments' growth and success for over 50 years, and its strategy is to effect the successful commercialisation of these ideas by bringing them to market in a timely and customer-focused fashion. 

The first technology business to be spun out from Oxford University over fifty years ago, Oxford Instruments is now a global company with over 1300 staff worldwide and a listing on the London Stock Exchange (OXIG). Its objective is to be the leading provider of new generation tools and systems for the research and industrial sectors.

This involves the combination of core technologies in areas such as low temperature and high magnetic field environments, Nuclear Magnetic Resonance, X-ray electron and optical based metrology, and advanced growth, deposition and etching. Oxford Instruments' products, expertise, and ideas address global issues such as energy, environment, security and health.  

 

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