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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Renishaw Plc | LSE:RSW | London | Ordinary Share | GB0007323586 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
100.00 | 2.41% | 4,250.00 | 4,260.00 | 4,278.00 | 4,396.00 | 4,134.00 | 4,140.00 | 360,235 | 16:35:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electrical Machy, Equip, Nec | 688.57M | 116.1M | 1.5966 | 26.69 | 3.1B |
TIDMRSW
RNS Number : 8395X
Renishaw PLC
11 May 2016
Renishaw plc
Trading update
Revenue for the third quarter ended 31st March 2016 amounted to GBP109.6m (2015: GBP145.9m) and cumulative revenue for the nine months to 31st March 2016 was GBP308.1m, compared with GBP369.7m for the corresponding period last year. As noted in our half year statement, revenue last year benefitted from a number of large orders in the Far East, which have not been repeated to the same extent this year. Revenue for the nine months at last year's exchange rates would have been GBP307.6m. After adjusting for these factors, there was underlying growth of 5%.
Profit before tax for the third quarter was GBP20.2m (2015: GBP53.2m) and cumulative profit before tax up to 31st March 2016 was GBP46.3m, compared with GBP109.8m last year.
Cash balances at the end of March 2016 were GBP48.8m (2015: GBP74.0m), which includes the pension fund escrow account of GBP15.7m (2015: GBP15.1m), after year to date capital expenditure of GBP38.0m.
The Board has agreed that Kath Durrant, currently a non-executive director of the Company and member of the Remuneration Committee, should take the role of Chair of the Remuneration Committee with immediate effect. She replaces David Grant, who remains the senior independent director and member of the Remuneration Committee and Audit Committee, and the Board thanks him for his contribution as Chair of the Remuneration Committee.
As we published in our trading update in March 2016, we expect full year revenue to be in the range of GBP420m - GBP440m and a profit before tax in the range of GBP67m - GBP83m.
Sir David McMurtry
CBE, RDI, FRS, FREng, CEng, FIMechE
Chairman and Chief Executive
11th May 2016
Registered number: 1106260 Registered office: New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR Telephone: 01453 524524 Website: www.renishaw.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTEASSEFLDKEFF
(END) Dow Jones Newswires
May 11, 2016 02:00 ET (06:00 GMT)
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