Magazines
Newsletter
Advertise
Search
The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
Read now
PICK YOUR EDITION

Abingdon's Oxford Instruments reports strong revenue growth

The Business Magazine article image for: Abingdon's Oxford Instruments reports strong revenue growth
17 October 2022

Oxford Instruments has just announced order and revenue increase over the first half of its fiscal year. At the same time, they emphasised how global supply chain difficulties were still negatively affecting their finances.

The Abingdon-based manufacturing and research firm reported "excellent" success and significant demand for its goods and services. Orders exceeded those during the first half of the previous year.

"The business continues to see good order growth as we address cost inflation through active price management," a statement from the company said. "We continue to invest in the business to drive future growth, including new product development, as well as enhancements to operational delivery and service to support our growing business."

"We anticipate higher production in the second half, combined with the positive impact of recent price increases as we convert our record order book. This provides good visibility for an expected improvement in trading in the second half, with full year trading at constant currency remaining in line with expectations."

Shares in Oxford Instruments rose by 4.3% to 1,794.00 pence each after the announcement. The Oxfordshire business' half-year results are due to be published in full on the 8th of November.

Main picture courtesy of: The Oxford Magazine

READ MORE: Oxford Instruments wins largest UK hidden sector project bid

READ MORE: Ukraine uncertainty ends prospect of Spectris and Oxford Instruments merger

The Business Magazine is returning to print in November

Share 

Latest deal ticket

All deals

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
crossmenu