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

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Daniel Face

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.

Daniel Face

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL. Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience. Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.