Oxford Instruments, the high-tech tools and systems provider, said order intake from its research markets remains good but there has been some softness in its industrial markets.
In a statement prepared for the firm's annual general meeting, Chairman Nigel Keen said the company's Nanotechnology Tools business has made a good start to the new fiscal year, which kicked off in April.
"The launch of our new XMax large area detector in August has further consolidated our position as a leading provider of advanced material analysis equipment," Keen claimed.
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The Industrial division is also trading in line with expectations, while the Service division has "performed well", with the recently acquired Platinum Medical Imaging business bedding in nicely.
"The board anticipates that Oxford Instruments will continue to make progress in line with our expectations for the financial year," Keen declared.
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