Oxford Instruments full-year trading ‘in line with expectations’

Oxford Instruments, a provider of scientific tools and systems for industry and research, has shared a positive trading update for the year ended 31st March 2024.

Revenues are expected to be up 9 per cent at constant currency on the previous year, with growth across advanced materials, life sciences and semiconductors.

While life science OEM orders have slowed down, and the firm’s quantum business has taken a hit after ceasing commercial activities in China, its underlying book-to-bill ‘remains positive’.

Oxford Instruments also recently opened its new etch and deposition systems facility in Bristol, which is now operational.

A spokesperson said: “The group enters the new financial year with a strong order book, providing good visibility to planned revenues and a good pipeline of growth opportunities in structurally growing end markets.”

Full-year results will be released on 11st June 2024 along with a strategy update.

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