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 2014 to date.
Orders in the first quarter of the year were above the same period last year despite the worsening foreign exchange environment. This was on both a reported and constant currency organic basis.
On a constant currency basis, orders were ahead of the same period last year in our major trading regions of Europe, North America and Asia. Excluding Andor, acquired in January 2014, orders were ahead in North America but lagged in Europe and Asia.
The integration of Andor continues to progress and its performance was slightly ahead of expectations in the first three months of the year.
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.
Save as described in this statement, there has been no significant change in the financial position of the Group in the period.
Oxford Instruments plc
Tel: 01865 393200
Jonathan Flint, Chief Executive
Kevin Boyd, Group Finance Director
Tel: 020 3128 8100
Rachel Hirst / Rory King