Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, today announces its Preliminary Results for the year to 31 March 2010.

Highlights:

• Order intake up 22.4% to a record £250 million (2009: £204.2 million)
• Revenue up 2.4% to £211.5 million (2009: £206.5 million)
• Adjusted profit before tax* up 7.2% to £11.9 million (2009: £11.1 million)
• Adjusted EPS* up 20.3% to 17.8p (2009: 14.8p)
• Profit before tax up £27.4 million to £18.1 million
• Net debt reduced to £10.4 million (2009: £28.3 million)
• Proposed final dividend held at 6.0p, giving a total dividend for the year of 8.4p
• Continued growth in the Group’s research markets, particularly Asia, combined with strengthening in the Group’s industrial markets during the year

* Adjusted figures are stated before amortisation of acquired intangibles, reorganisation costs, impairments and marking to market of hedging derivatives

Nigel Keen, Chairman of Oxford Instruments plc, said: 

"The restructuring in 2008/09 and the new product technologies introduced in the past year served to ensure that we continued to perform to shareholder expectations.  Now that global markets are recovering, we are confident these efficiency improvements and new products will deliver further growth in the current year and form a strong foundation from which we can deliver long term shareholder value."

Enquiries:
Oxford Instruments plc
Tel:  01865 393200
Jonathan Flint, Chief Executive
Kevin Boyd, Group Finance Director
 
Hogarth Partnership Limited
Tel:  020 7357 9477
Rachel Hirst
Ian Payne

Click here for a the full Announcement of Preliminary Results for the year to 31 March 2010

Published Date: 15 June 2010