Oxford Instruments revenues 'ahead of expectations'

Shares in Abingdon-based Oxford Instruments were up 8.8 per cent yesterday (Wednesday) following the news that the manufacturing and research company expects revenues for the year to be ahead of expectations.

The firm, a leading provider of high technology products and services to industrial companies and scientific research communities, said revenue and adjusted operating profit for the full year ending 31 March 2022 would be up "despite supply chain disruption and cost inflation."

Oxford Instruments – which was the first technology business to be spun out from Oxford University – credited its success to strong order growth, supported by resilient end markets.

Its results for the full year ending 31 March 2022 will be released on 14 June 2022.