22nd Jan 2016 07:28
LONDON (Alliance News) - Oxford Instruments PLC Friday said it has performed in line with its expectations in its third quarter to end-December, with orders ahead of the same period in the previous year.
The high technology tools and systems provider said that trends it had seen in its first half had continued, with its NanoTechnology Tools performing well and ahead of the previous year, whilst Industrial Products continued to be hit by weak industrial markets.
The company said that its acquisition of service business MIR has "more than offset" a hit from the completion of a contract with Siemens AG in the previous year.
"Performance in the period has been in line with our expectations. Our NanoTechnology Tools businesses continue to perform well, although the markets served by our Industrial Products businesses remain difficult in the face of macroeconomic uncertainty," the company said in a statement.
"The growing order book and strength of our NanoTechnology Tools and Service businesses support our confidence in meeting expectations for the group for the full year," Oxford Instruments added.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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