Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

3,740.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 4,370.00
  • 52 Week Low: 2,950.00
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 14,703
  • Market Cap: £2,722.29m
  • RiskGrade: 147

Renishaw reports record revenue as it invests in growth

By Josh White

Date: Thursday 27 Jul 2017

LONDON (ShareCast) - (ShareCast News) - Renishaw claimed record revenue of £536.8m in its full-year results on Thursday, with underlying growth of 14% during the year.
The FTSE 250 engineering firm said there was "strong growth" in its encoder, measurement and automation, calibration and coordinate measuring machine product lines in its metrology business during the 12 months to 30 June, along with revenue growth in all of its health care product lines.

"We report an adjusted profit before tax of £109.1m and a statutory profit before tax of £117.1m, an increase of 25% on an adjusted basis," said chairman Sir David McMurtry.

"Our total shareholder return during the year was 67%, ranking Renishaw in the top 25 in both the FTSE250 and FTSE350."

It made capital expenditure of £42.6m during the period, which the board said was providing for future growth.

Renishaw's headcount increased by 244 during the year, including the addition of 91 graduates and apprentices.

Its balance sheet was said to be "strong" with cash of £51.9m, compared to £21.3m at the beginning of the year.

"Renishaw is a long term business and we remain committed to strategic investments and R&D," McMurtry said.

"In addition, over the past year, we have focused on underperforming business areas resulting in our discontinuing the activities of Renishaw Diagnostics Limited and the spatial measurement business.

"In spite of the potential headwinds brought about by the uncertainty of Brexit, we remain confident of future growth due to our innovative product base, extensive global sales and marketing presence, and relevance to high value manufacturing."

The company's board confirmed an 8.3% rise in the dividend to 52p for the year, after declaring a final dividend of 39.5p per share.

"The group is in a strong financial position and continues to invest in the development of new products and applications, along with targeted investment in production, and sales and marketing facilities around the world," McMurtry explained.

"We have experienced strong growth in 2017 and whilst noting ongoing uncertainty surrounding Brexit and currency exchange rate volatility, your directors remain confident in the long-term prospects for the group and at this early stage in the year anticipate growth in both revenue and profits in the current financial year."

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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 3,740.00p
Change Today -10.00p
% Change -0.27 %
52 Week High 4,370.00
52 Week Low 2,950.00
Volume 14,703
Shares Issued 72.79m
Market Cap £2,722.29m
RiskGrade 147

Renishaw Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.39% below the market average78.39% below the market average78.39% below the market average78.39% below the market average78.39% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Price Trend
5.88% above the market average5.88% above the market average5.88% above the market average5.88% above the market average5.88% above the market average
28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average
Income
79.42% below the market average79.42% below the market average79.42% below the market average79.42% below the market average79.42% 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
2.84% above the market average2.84% above the market average2.84% above the market average2.84% above the market average2.84% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
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 26-Jun-2024

Time Volume / Share Price
12:25 100 @ 3,735.90p
12:04 50 @ 3,738.72p
11:51 62 @ 3,731.66p
11:48 5,083 @ 3,747.50p
11:37 2 @ 3,740.00p

Renishaw Key Personnel

CEO William Lee

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