16th Jul 2014 09:19
LONDON (Alliance News) - Oxford Instruments PLC Wednesday said orders in the first quarter of the year were above the same period last year on both a reported and constant-currency organic basis.
In a statement covering the period from April 1 to date, the high technology tools and systems provider said that orders were ahead of the same period last year in all its major trading regions of Europe, North America and Asia. Excluding Andor Technology PLC, which it acquired in January for GBP176.0 million, orders were ahead in North America but lagged in Europe and Asia.
"The integration of Andor continues to progress, and its performance was slightly ahead of expectations in the first three months of the year," Oxford Instruments said in a statement.
"Our broad spread of geographies and technologies and our strong pipeline of new products continue to underpin the long term prospects for the group. The board anticipates that Oxford Instruments will continue to make progress in line with its expectations for the remainder of the financial year," the company added.
Oxford Instruments shares were Wednesday quoted up 3.5% at 1,243.00 pence.
By Samuel Agini; [email protected]; @samuelagini
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