Oxford Instruments (OXIG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

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

Oxford Instruments FY results to beat market views

By Michele Maatouk

Date: Tuesday 10 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Oxford Instruments said on Tuesday that its full-year performance is set to be a "little behind" last year at constant currency but ahead of analyst forecasts, as it reported a decline in half-year profit and revenue due to the pandemic.
In the six months to 30 September, adjusted pre-tax profit fell 8.1% to £23.7m on revenue of £140.3m, down 11% from the same period a year ago. Revenue was hit by Covid-related disruption to the fulfilment of customer orders, the company said.

Orders were up, however, rising 6% to £175.7m, reflecting strong growth from commercial customers and improved demand from academic and government-funded institutions.

Oxford Instruments said it saw strong growth across the semiconductor & communications, quantum technology and advanced materials segments, partially offset by lower contributions from the healthcare & lifescience, energy & environment and research & fundamental science segments.

The group, which provides high technology products to industrial companies and scientific research communities, declared an interim dividend of 4.1p a share, in line with last year.

"We are adjusting to the external and internal effects of the pandemic and expect uncertainty to remain high. However, robust trading during the first half, combined with a strong order book, gives us confidence for the second half, absent a material increase in Covid‑related disruption that could impact facility or customer site access," it said.

"We expect full-year performance to be a little behind last year on a constant currency basis, ahead of current analyst forecasts."

At 1020 GMT, the shares were up 9.2% at 1,924p.

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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 2,660.00p
52 Week Low 1,822.00p
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% below the sector average2.86% below the sector average2.86% below the sector average2.86% below the sector average2.86% below 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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