Oxford Instruments PLC Interim Chairman's AGM Statement 2018 (3347A)
September 11 2018 - 2:00AM
UK Regulatory
TIDMOXIG
RNS Number : 3347A
Oxford Instruments PLC
11 September 2018
Oxford Instruments plc
Interim Chairman's AGM Statement 2018
Oxford Instruments plc, a leading provider of high technology
tools and systems for industry and research, is holding its Annual
General Meeting today at which the interim Chairman, Stephen Blair,
will make the following statement:
"Following the sad news regarding the death of our Chairman,
Alan Thomson, I have taken over as interim Chairman until a
successor is appointed. Alan had been Chairman since September 2016
and brought a wealth of experience and wisdom to the role. He will
be very much missed by all of us at Oxford Instruments. The Board
has commenced a process to appoint Alan's successor.
"Turning to trading for the first five months of the current
year. The business has had a good start with strong growth in
orders against last year across all three sectors: Materials &
Characterisation, Research & Discovery, and Service &
Healthcare. This has translated into reported and constant currency
revenue growth for the Group. Operating profit is ahead of last
year on a reported and constant currency basis.
"Looking ahead, we expect the second half of the financial year
to benefit from the normal seasonal bias, with expectations for the
full year remaining unchanged."
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Ian Barkshire, Chief Executive
Gavin Hill, Group Finance Director
MHP Communications Tel: 020 3128 8100
Rachel Hirst/Luke Briggs
- Ends -
Issued for and on behalf of Oxford Instruments plc
Notes to Editors
About Oxford Instruments plc
Oxford Instruments designs, supplies and supports
high-technology tools and systems with a focus on research and
industrial applications. Innovation has been the driving force
behind Oxford Instruments' growth and success for over 50 years,
and its strategy is to effect the successful commercialisation of
these ideas by bringing them to market in a timely and
customer-focused fashion.
The first technology business to be spun out from Oxford
University, Oxford Instruments is now a global company and is
listed on the London Stock Exchange (OXIG). Its objective is to be
the leading provider of new generation tools and systems for the
research and industrial sectors with a focus on nanotechnology. Its
key market sectors include nano-fabrication and nano-materials. The
company's strategy is to expand the business into the life sciences
arena, where nanotechnology and biotechnology intersect.
This involves the combination of core technologies in areas such
as low temperature and high magnetic field environments; Nuclear
Magnetic Resonance; X-ray, electron, laser and optical based
metrology; atomic force microscopy; optical imaging; advanced
growth, deposition and etching.
Oxford Instruments aims to pursue responsible development and
deeper understanding of our world through science and technology.
Its products, expertise, and ideas address global issues such as
energy, environment, security and health.
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END
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