Interim Management Statement

RNS Number : 5288F

Renishaw PLC

10 October 2008

 



RENISHAW PLC

INTERIM MANAGEMENT STATEMENT FROM

1st JULY 2008 to 30th SEPTEMBER 2008

Revenue for the first 3 months of the current financial year increased by 24% to £53.0m, compared with £42.7m last year (an increase of 14% at constant exchange rates). Unaudited profit before tax amounted to £9.8m, compared with £5.6m last year. In addition to strong trading results, profits have been assisted by the weakness of Sterling to the extent of profit before tax increasing by £2.9m due to favourable exchange rate movements relative to the comparable period last year.

It is still very early in our financial year and worldwide economic conditions are extremely uncertain. Notwithstanding this present situation, we are encouraged by the continuing strength of our order book and the increasing market opportunities for the application of our technologies. The Board remains confident of the Company's prospects for the current year.

Sir David McMurtry    CBE, RDI, CEng, FIMechE, FREng

Chairman and Chief Executive

10th October 2008 

Renishaw plc

Registered office. New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR

Registered number. 1106260

Telephone number. 01453 524524

Website. www.renishaw.com

 

END

 

 

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