Oxford Instruments (OXIG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

2,150.00p
   
  • Change Today:
    -25.00p
  • 52 Week High: 2,660.00
  • 52 Week Low: 1,822.00
  • Currency: UK Pounds
  • Shares Issued: 58.04m
  • Volume: 384,116
  • Market Cap: £1,247.85m
  • RiskGrade: 153

Oxford Instruments' sales and profits hit by superconductor weakness

By Oliver Haill

Date: Tuesday 13 Sep 2016

LONDON (ShareCast) - (ShareCast News) - Underlying basis revenues and profits at Oxford Instruments in the first five months of the year have been "slightly below" the same period last year.
Revenue since the financial year began in April was said to be marginally ahead of last year, the company revealed in a statement on the day of its annual shareholder meeting, thanks to growth in the NanoTechnology business and favourable currency movements.

The favourable currency benefit on profit has been significantly lower than its impact on revenue due to an ongoing currency hedging programme.

"Revenue in our NanoTechnology Tools sector is marginally above last year," said chairman Nigel Keen in his last act for the company before retiring and being replaced Alan Thomson, who is also in the same role at Bodycote and Hays.

Keen said the new nanotechnology solutions launched during the first half of the year have received "considerable interest" which is expected to translate into orders over the coming months.

Revenues at the Industrial Products business has continued to suffer from the weak superconducting wire market reported previously, together with continued market softness in end markets for industrial analysis.

The Service unit was said to be trading ahead of last year, supported by growth in equipment servicing contracts.

"Looking ahead, we expect the second half to benefit from a normal seasonal bias, assisted by favourable currency benefits and the delivery of further business efficiency improvements," Keen said.

"Taking into account our current pipeline and improved order book, the board continues to expect that we will make progress in the year and we remain well positioned to take advantage from future growth in our markets."

Broker Shore Capital said it expects the half and full year will benefit from a mid-single-digit currency tailwind on the top line to aid the company in hitting revenue estimates, but the hedging policy means the impact on the bottom line is smaller.

"We continue to believe action is needed to drive growth and margin improvement from Oxford Instruments' IP base," said analyst Ben McSkelly.

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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.

 

OXIG Market Data

Currency UK Pounds
Share Price 2,150.00p
Change Today -25.00p
% Change -1.15 %
52 Week High 2,660.00
52 Week Low 1,822.00
Volume 384,116
Shares Issued 58.04m
Market Cap £1,247.85m
RiskGrade 153

OXIG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.72% below the market average1.72% below the market average1.72% below the market average1.72% below the market average1.72% below the market average
2.86% above the sector average2.86% above the sector average2.86% above the sector average2.86% above the sector average2.86% above the sector average
Price Trend
30.50% above the market average30.50% above the market average30.50% above the market average30.50% above the market average30.50% above the market average
72.97% above the sector average72.97% above the sector average72.97% above the sector average72.97% above the sector average72.97% above the sector average
Income
55.02% below the market average55.02% below the market average55.02% below the market average55.02% below the market average55.02% below the market average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average
Growth
8.93% below the market average8.93% below the market average8.93% below the market average8.93% below the market average8.93% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OXIG Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Jul-24 30-Nov-23
Paid 20-Aug-24 12-Jan-24
Amount 15.90p 4.90p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 74,582 @ 2,150.00p
16:35 320 @ 2,150.00p
16:35 10 @ 2,150.00p
16:35 12 @ 2,150.00p
16:35 369 @ 2,150.00p

OXIG Key Personnel

CEO Richard Tyson

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