Renishaw Reports Positive Revenue Growth and Increased Profits
Renishaw has increased its first-quarter financial year profits by 22% to £34m ($44.2m). Revenues for the period were up 6% to £173.9m ($226.1m) for the three months ending 30 September, with manufacturing technologies revenue up 7% at £167.5m ($217.8m).
Renishaw commented that whilst Q1 sales of its encoder products to the semiconductor manufacturing sector were stronger than last year, it was still cautious about demand from the market in the remainder of its 2025 financial year. The Americas and EMEA regions saw increased demand compared to Q1 FY2024, whilst APAC was lower compared to a strong period last year, which was boosted by orders from the consumer electronics sector.
Renishaw’s Additive Manufacturing products also grew strongly, reflecting the good order book carried into FY2025. Meanwhile, demand for Industrial Metrology products was lower than last year, primarily due to the strong prior period sales to consumer electronics manufacturers in APAC.
“We continue to pursue a range of growth opportunities and anticipate solid overall revenue growth this year in line with the company’s expectations,” said Renishaw. “Alongside this we also remain focused on the careful management of costs and delivery of productivity improvements, which together will help drive progress towards our margin objectives.”
The Renishaw Group’s balance sheet remains strong with net cash and cash equivalents and bank deposit balances of £276.1m ($458.9m) on 30 September 2024.
For more information: www.renishaw.com
