Oxford Instruments, a high technology tools and systems for industry and research, said it has made an encouraging start to the year with orders, sales and profits all ahead of the same period last year.
The group said sales growth for the period from 1 April 2012 to date was fuelled by both an organic and reported basis.
"Our markets remain strong despite continued economic uncertainty, particularly in Europe. A healthy pipeline of new product introductions is in place and we are investing across the business to increase efficiency, strengthen our market positions and drive further profitable growth," Oxford Instruments said in a company statement.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
As a result, the Board expects it will continue to make good progress in line with company expectations for the financial year and consistent with its objectives.
Oxford added that there has been no significant change in the financial position of the group.
Shares of Oxford Instruments fell 7.00p or 0.54% to 1,285.00p in early London trading.
CJ
-
Tesla seeks approval to supply electricity to UK homes – could it disrupt the energy market?Tesla has applied for a license to supply UK households with electricity, but taking on the biggest providers could prove challenging
-
Most Brits unaware onshore bonds can help beat inheritance tax – here’s howA little-known perk of certain types of bonds can let your loved ones off the hook when it comes to inheritance tax – but two-thirds of people have never heard of them
