Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,015.00p
   
  • Change Today:
      30.00p
  • 52 Week High: 4,370.00p
  • 52 Week Low: 2,950.00p
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 11,152
  • Market Cap: £2,922.46m
  • 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 4,015.00p
Change Today 30.00p
% Change 0.75 %
52 Week High 4,370.00p
52 Week Low 2,950.00p
Volume 11,152
Shares Issued 72.79m
Market Cap £2,922.46m
RiskGrade 147

Renishaw Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.82% below the market average78.82% below the market average78.82% below the market average78.82% below the market average78.82% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
33.91% above the market average33.91% above the market average33.91% above the market average33.91% above the market average33.91% above the market average
43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average
Income
82.35% below the market average82.35% below the market average82.35% below the market average82.35% below the market average82.35% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Growth
2% below the market average2% below the market average2% below the market average2% below the market average2% below the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% 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 17-Jun-2024

Time Volume / Share Price
14:07 12 @ 4,025.17p
14:04 5 @ 4,020.00p
14:04 5 @ 4,020.00p
13:56 2 @ 4,015.00p
13:56 1 @ 4,015.00p

Renishaw Key Personnel

CEO William Lee

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