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

First-half earnings slip at Renishaw

By Abigail Townsend

Date: Thursday 02 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Renishaw saw profits fall in the first half, the engineering group said on Thursday, despite "record" revenues.
Revenues rose 7% at the FTSE 250 group, a specialist in measuring and production systems, in the six months to 31 December, to £347.7m, or by 1% on a constant currency basis.

Adjusted pre-tax profits fell 13%, however, to £73.5m, while adjusted earnings per share declined 14% to 83.4p. Pre-tax profits were down 5% at £77.8m.

Renishaw said it had seen strong growth in some areas, including multi-laser additive manufacturing systems and laser encoders. But demand for optical encoders from the semiconductor and consumer electronics sectors had been weaker, including customers reducing stock levels as supply chain lead times improved.

William Lee, chief executive, said: "I am pleased to record revenue in a period of expected lower demand from the semiconductor and electronics sectors.

"We have made good progress in our strategy: gaining market share, introducing new products into close-adjacent markets, and taking advantage of long-term growth opportunities."

Renishaw currently expects full-year revenues to come in between £690m to £730m, with adjusted pre-tax profits of between £140m and £165m.

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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
85.05% below the market average85.05% below the market average85.05% below the market average85.05% below the market average85.05% 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
68.57% above the market average68.57% above the market average68.57% above the market average68.57% above the market average68.57% 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
89.66% below the market average89.66% below the market average89.66% below the market average89.66% below the market average89.66% 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% below the market average9% below the market average9% below the market average9% below the market average9% 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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