16th Apr 2025 10:48
(Alliance News) - Oxford Instruments PLC on Wednesday said it continues to monitor and adapt to the potential impacts of macroeconomic events, as it reported revenue growth in the second half of financial year 2025.
The Oxfordshire, England-based company provides scientific technology to academic and commercial partners.
In a trading update covering the 12 months to March 31, Oxford Instruments said it has delivered a "strong full-year performance, in line with expectations."
The positive trading, said the firm, is "underpinned by continued momentum in order intake" and coupled with progress on strategy execution.
Oxford Instruments shares rose 7.0% to 1,742.00 pence in London on Wednesday morning.
Revenue growth in its second half was strong, according to the firm, with it expecting full-year growth of around 6%. In financial 2024, Oxford Instruments achieved revenue of GBP470.4 million. The firm noted that demand has remained healthy.
Oxford Instruments expects full-year adjusted operating profit to be up around 3%, which it noted is in line with market expectations. The firm reported adjusted operating profit in financial 2024 of GBP80.3 million.
Chief Executive Officer Richard Tyson said: "I am very pleased with how the team have embraced the strategy, delivering strong results despite the macro volatility seen in H2 and the execution of our pivot away from certain market segments in China.
"We continue to closely monitor and adapt to the potential impacts of macro events. Oxford Instruments' growth and resilience is underpinned by our diversified portfolio of market-leading technologies, deployed in multiple structurally growing sectors across all the major geographies. In addition, there are significant opportunities within our own control, as we accelerate our operational transformation programme, work to simplify and standardise our business, and drive a continued critical focus on product profitability."
By Olivia Mason-Myhill, Alliance News reporter
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