Oxford Instruments PLC (OXIG)

[PinkDalek]

Announcement of Half Year Results for the six months to 30 September 2019

https://www.londonstockexchange.com/exc ... 03699.html

Extract only:

Financial Highlights:
· Orders up 6.4% to £173.3 million (2018: £162.9 million), an increase of 2.8% at constant currency; book-to-bill ratio of 1.04
· Order book of £186.8 million (31 March 2019: £171.6 million), up 8.9% (+6.0% at constant currency)
· Reported revenue increased by 13.1% to £166.3 million (+9.1% at constant currency)
· Adjusted operating profit from continuing operations up 22.9% at £25.8 million (+12.4% at constant currency)
· Adjusted operating margin of 15.5% (2018: 14.3%), 14.7% at constant currency
· Reported profit before tax up 55.2% to £18.0 million after mark-to-mark movement on currency derivatives and other adjusting items
· Net cash of £14.2 million following cash conversion of 65% and one-off US pension termination payment
· Interim dividend increased by 7.9% to 4.10 pence

and

NOTE: Oxford Instruments plc compiled analyst forecast range for adjusted operating profit (year to 31 March 2020): £51.5 million to £53.0 million, with an average consensus of £52.4 million.