Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,015.00p
   
  • Change Today:
      30.00p
  • 52 Week High: 4,370.00
  • 52 Week Low: 2,950.00
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 11,130
  • Market Cap: £2,922.46m
  • RiskGrade: 147

Renishaw profits drop amid 'very challenging' economic conditions

By Michele Maatouk

Date: Thursday 13 Aug 2020

LONDON (ShareCast) - (Sharecast News) - FTSE 250 engineering company Renishaw posted a drop in full-year profit on Thursday as revenue fell amid "very challenging" economic conditions.
In the year to the end of June 2020, adjusted pre-tax profit fell 53% to £48.6m while statutory profit declined to £3.2m from £109.9m last year, with revenue down 11% to £510.2m.

Renishaw said revenue was lower in all regions, "with the challenging global macroeconomic conditions throughout the year and the Covid-19 pandemic impacting most product lines".

Revenue in the metrology segment was down 11% to £475.2m, largely due to trade tensions between the US and China, weaker demand in the machine tool sector and the impact of the pandemic. However, Renishaw said it experienced good growth in its position encoder product line due to a recovery in the semiconductor market.

In the healthcare division, revenue fell 15% to £35.0m as the coronavirus pandemic caused delays in orders, shipments, installations and postponements of elective surgery.

Chief executive Will Lee said: "We continue to invest in the development of new products and applications, along with targeted investment in production, and sales and marketing facilities around the world.

"Given the uncertain macroeconomic backdrop, including the pandemic and the risks posed by reduced freedom of global trade, we expect very challenging market conditions, particularly in the automotive and aerospace sectors."

At 1010 BST, the shares were down 10.6% at 4,730p.

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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 4,370.00
52 Week Low 2,950.00
Volume 11,130
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
13:56 2 @ 4,015.00p
13:56 1 @ 4,015.00p
13:56 8 @ 4,015.00p
13:56 5 @ 4,015.00p
13:56 10 @ 4,015.00p

Renishaw Key Personnel

CEO William Lee

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