UK's Oxford Metrics HY revenue rises slightly; keeps FY view

Oxford Metrics

23/04/2026 07:08

Overview

UK smart sensing firm estimates half-year revenue rose slightly yr/yr to £20.7 mln

Underlying margins remained robust, with improved adjusted LBIT vs prior year period

Macroeconomic uncertainty led some Smart Manufacturing customers to defer project starts

Outlook

Oxford Metrics maintains FY26 management expectations for the 15-month period ending Dec 2026

Company expects efficiency and margin benefits from division integration to build through FY26

Oxford Metrics says macroeconomic uncertainty affecting order timing but pipeline supports FY26 delivery

Result Drivers

INTERNATIONAL CONTRACT WINS - Motion Capture division (Vicon) achieved revenue growth due to significant contract wins in Eastern Europe, Japan and India

DIVISIONAL INTEGRATION - Smart Manufacturing division unified as Industrial Vision and Metrology Systems, expected to improve efficiency and margins over time

MACRO UNCERTAINTY - Heightened macroeconomic uncertainty led some Smart Manufacturing customers to defer project starts, affecting order timing

Company press release: ID:nRSW5589Ba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 20.70 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Oxford Metrics PLC is GBp87.50, about 75% above its April 22 closing price of GBp50.00

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)