Renishaw Announce 2018 Sales and Profit Growth

Renishaw has published a trading update for nine months ended 31st March 2018.

Revenue for the first three quarters of its current financial year was £429.9m, an increase of 11.9% compared  with £384.3m for the corresponding period last year. Renishaw experienced underlying growth at constant exchange rates of 16.4%, with growth in all regions.

In Renishaw’s metrology business revenue amounted to £406.6m compared with £361.4m for the same period last year, with an underlying growth at constant exchange rates of 16.9%

Adjusted profit before tax from continuing operations for the first three quarters amounted to £97.6m compared with a restated adjusted profit before tax of £70.1m for the corresponding period last year.

Not withstanding current economic uncertainties, the Renishaw Board of Directors remain confident in the future prospects of the Group and forecast full year revenue to be in the range of £585m to £610m and adjusted profit before tax to be in the range of £135m to £150m.

For more information: www.renishaw.com

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