Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,250.00p
   
  • Change Today:
    100.00p
  • 52 Week High: 4,396.00
  • 52 Week Low: 2,950.00
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 223,744
  • Market Cap: £3,093.51m
  • RiskGrade: 147

Renishaw posts record results

By Abigail Townsend

Date: Thursday 15 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Renishaw reported record annual revenues on Thursday, boosted by a recovery in its core markets, but warned of a weakening outlook.
The FTSE 250 engineering firm reported revenues of £671.1m for the year to 30 June, a 19% improvement on the previous year, and adjusted pre-tax profits of £163.7m, a 37% hike.

Renishaw said that both revenues and adjusted pre-tax profits were records, and had been achieved "against a backdrop of a global recovery in all our key markets".

Its core manufacturing technologies division saw revenues rise 20% to £634.6m, boosted in large part by "record" demand for encoders, which are used in semiconductor production. Analytical instruments and medical devices revenue rose 4% to £36.5m

Group pre-tax profits were £145.6m, compared to £139.4m.

Will Lee, chief executive, said: "Last year I spoke about the strong position we were in to take advantage of the many opportunities presented by the global recovery in our markets. We've capitalised on those opportunities this year, delivering the best set of financial results in our history."

Lee said the firm had made a "positive start" to the current year, with a "strong" order book. But he also added a note of caution, adding: "We have, however, recently seen a weakening in order intake from the semiconductor and electronics sectors, and general market sentiment is becoming more cautious.

"In light of this, we are managing costs carefully and focusing on productivity."

David McMurty, chair, said: "Our performance has been built on years of strategic focus. We've developed the innovative products required to meet the challenges faced by manufacturers in growing markets, while ensuring we have the global infrastructure and skilled people to deliver those opportunities.

"While there continues to be some global uncertainties, due to the geopolitical environment and rising costs for consumers and manufacturers, the last two years have demonstrated the great resilience of our business."

As at 0845 BST, shares in Renishaw were off 1% at 3,469.2p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Renishaw Market Data

Currency UK Pounds
Share Price 4,250.00p
Change Today 100.00p
% Change 2.41 %
52 Week High 4,396.00
52 Week Low 2,950.00
Volume 223,744
Shares Issued 72.79m
Market Cap £3,093.51m
RiskGrade 147

Renishaw Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.48% below the market average84.48% below the market average84.48% below the market average84.48% below the market average84.48% below the market average
88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average
Price Trend
65.83% above the market average65.83% above the market average65.83% above the market average65.83% above the market average65.83% above the market average
89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average
Income
89.14% below the market average89.14% below the market average89.14% below the market average89.14% below the market average89.14% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
9.08% below the market average9.08% below the market average9.08% below the market average9.08% below the market average9.08% below the market average
11.76% above the sector average11.76% above the sector average11.76% above the sector average11.76% above the sector average11.76% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 3
Sell 1
Strong Sell 1
Total 7
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Renishaw Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Mar-24 02-Nov-23
Paid 09-Apr-24 07-Dec-23
Amount 16.80p 59.40p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 33,272 @ 4,250.00p
16:35 79 @ 4,250.00p
16:35 77 @ 4,250.00p
16:35 16 @ 4,250.00p
16:35 138 @ 4,250.00p

Renishaw Key Personnel

CEO William Lee

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