Oxford Instruments plc Interim Management Statement
Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, today issues an Interim Management Statement which covers the period from 1 April 2013 to date.
As discussed in our Preliminary Statement, the year started slowly with performance in the first two months of the year down against a very strong comparative period in the prior year. However, in the third month of the quarter, orders, sales and profits were much improved compared to each of the first two months and were also ahead of the same period in 2012/13. Average monthly order intake in the quarter was above the monthly average for the last financial year in Asia by 18% but below in North America by 20% and in Europe by 1%.
Our broad spread of geographies and technologies and our strong pipeline of new products continue to underpin the long term prospects for the Group. The Board anticipates that Oxford Instruments will continue to make progress in line with its expectations for the remainder of the financial year and remains focused on achieving its 14 Cubed objectives.
On 11th June 2013 Jennifer Allerton joined the board as an Independent Non-Executive Director.
Save as described in this statement, there has been no significant change in the financial position of the Group in the period.