Announcement of Preliminary Results for the year to 31 March 2013
11 June 2013
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 2013.
Good progress in the second year of our 14 Cubed growth plan
Revenue up 4.8% on an organic constant currency basis; total revenues up 4.0% to £350.8 million (2012: £337.3 million)
Adjusted profit before tax* up 14.8% to £48.2 million (2012: £42.0 million)
Adjusted operating profit* margin increased to 14.2% (2012: 12.5%)
Adjusted EPS* up 10.9% to 68.3 pence (2012: 61.6 pence)
On a constant currency basis, Nanotechnology Tools organic sales up 9.4%
Industrial markets remained soft
Strong progress in emerging and fast growing economies
Asylum Research acquisition integrating well and performing to plan
Strong new product pipeline supported by increased investment in R&D, up 5.9% to £25.1 million (2012: £23.7 million)
Net cash from operating activities of £41.5 million (2012: £41.6 million)
Proposed final dividend increased by 12.8% to 8.15 pence (2012: 7.23 pence), giving a total dividend for the year of 11.2 pence (2012: 10.0 pence)
*Adjusted numbers are stated to give a better understanding of the underlying business performance. Details of adjusting items can be found in Note 1.
Jonathan Flint, Chief Executive of Oxford Instruments plc, said:
“I am pleased to report that the Group has delivered another strong performance in the year. We are now two months into the final year of the three year period covered by the 14 Cubed objectives. Although the year has started slowly, we are focused on completing our 14 Cubed plan and delivering further progress in the years to come. Our R&D plan continues to deliver new products to the market which take market share from our competitors. We are building on our strong position in emerging and fast growing economies and we continue to target growth, both organically and through bolt-on acquisitions.”
Download the full Preliminary Results for the year to 31 March 2013 here.
Download the Preliminary Results for the year to 31 March 2013 Presentation here.
Oxford Instruments plc
Tel: 01865 393200
Jonathan Flint, Chief Executive
Kevin Boyd, Group Finance Director
Tel: 020 3128 8100