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: 10,485
  • Market Cap: £2,922.46m
  • RiskGrade: 147

Renishaw revenues and profits rise in first half

By Josh White

Date: Thursday 04 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Metrology and healthcare technology company Renishaw reported first half revenue of £255.1m on Thursday, down slightly from £259.4m year-on-year.
The FTSE 250 company said its adjusted profit before tax for the six months ended 31 December came in at £43.4m, up from £14.3m a year earlier, while adjusted earnings per share improved to 49.2p from 15.1p.

Its board declared an interim dividend per share of 14p, compared to the nil distribution it made at the half-year 12 months ago.

On a statutory basis, profit before tax rose to £63.9m from £99m, and statutory earnings per share came in at 72.1p, growing from 10.2p.

Renishaw said the "significant" improvement in profitability in the first half came as the benefits of its 'Fit for the Future' strategy were being felt.

It said it had a "robust" balance sheet, with net cash and bank deposit balances of £186.6m, compared with £120.4m as at 30 June.

"The board remains confident in the long-term prospects for the group due to its strong financial position, the high quality of our people, our innovative product pipeline, extensive global sales and marketing presence and relevance to high-value manufacturing," the directors said in their statement.

"Whilst the trading environment remains uncertain as a result of the pandemic, we currently have a strong order book, and we are well placed to take advantage of the opportunities presented by any recovery in the global economy."

At this stage, the board said it expected full-year revenue to be in the range of £515m to £545m, while adjusted profit before tax was pencilled in at between £85m and £105m .

At 0852 GMT, shares in Renishaw were flat at 6,120p.

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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 10,485
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
12:34 2 @ 4,015.00p
12:33 90 @ 4,019.34p
12:09 11 @ 4,016.50p
12:02 38 @ 4,015.00p
12:02 31 @ 4,015.00p

Renishaw Key Personnel

CEO William Lee

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