Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,020.00p
   
  • Change Today:
      35.00p
  • 52 Week High: 4,370.00p
  • 52 Week Low: 2,950.00p
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 14,079
  • Market Cap: £2,926.10m
  • RiskGrade: 147

Renishaw looks for further growth as it posts record results

By Josh White

Date: Thursday 26 Jul 2018

LONDON (ShareCast) - (Sharecast News) - Renishaw posted its preliminary results for the year ended 30 June on Thursday, reporting record revenue of £611.5m, with growth at constant exchange rates of 18%.
The FTSE 250 engineering company said it saw revenue growth in all metrology product lines, with strong growth in measurement and automation, coordinate measuring machine, machine tool and additive manufacturing product lines.

It also saw revenue growth in all healthcare product lines, with strong growth in its neurological product line.

The firm also saw record adjusted profit before tax of £145.1m, with growth of 33%.

Its healthcare business achieved profit for the first time, with adjusted profit before tax of £0.3m, swinging from a £7.2m loss in 2017.

Capital expenditure totalled £34.9m for the year, which the board said would provide for future growth, with Renishaw's headcount increasing 332, including 122 graduates and apprentices.

It said it had a "strong" balance sheet, with cash of £103.8m, compared with £51.9m last year, while the board declared a 15% increase in the dividend to 60.0p.

"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," said chairman Sir David McMurtry.

"We have experienced strong growth in 2018 and, whilst noting ongoing uncertainty surrounding Brexit and currency exchange rate volatility, your directors remain confident in the long-term prospects for the group due to our innovative product base, extensive global sales and marketing presence and relevance to high-value manufacturing.

"At this early stage in the year, we 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 4,020.00p
Change Today 35.00p
% Change 0.88 %
52 Week High 4,370.00p
52 Week Low 2,950.00p
Volume 14,079
Shares Issued 72.79m
Market Cap £2,926.10m
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
15:07 4 @ 4,020.00p
15:07 20 @ 4,025.00p
15:07 40 @ 4,025.00p
15:07 49 @ 4,025.00p
15:07 34 @ 4,025.00p

Renishaw Key Personnel

CEO William Lee

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