REG - Renishaw PLC - Trading Statement

RenishawAnnouncement

21/03/2019 07:05

RNS Number : 5099T
Renishaw PLC
21 March 2019
 


Renishaw plc                                                            
Trading update
21st March 2019
 
In our half year results announcement released on 31st January 2019, we reported an expected revenue range for the year of £635m to £665m and an expected adjusted profit before tax range of £140m to £160m. Statutory profit before tax was expected to be in the range of £146m to £166m.
 
As reported in the half year results, we experienced a slow down in demand in Asia for our encoder products and from large end-user manufacturers of consumer electronic products. Based on recent order trends and customer feedback, we now expect these conditions to continue through the remainder of this financial year.
 
We now expect full year revenue to be in the range of £595m to £620m and adjusted profit before tax to be in the range of £117m to £135m. Statutory profit before tax is expected to be in the range of £123m to £141m.
 
Notwithstanding current economic uncertainties, the Board remains confident in the future prospects of the Group.
 
The trading statement for the nine months to 31st March 2019 will be released on 14th May 2019.
 
This announcement contains inside information.
 



Sir David McMurtry


Will Lee




CBE, RDI, FRS, FREng, CEng, FIMechE


Chief Executive




Executive Chairman 


















21st March 2019







 
 



Renishaw plc








Registered office


New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR




Registered number


01106260




LEI number


21380048ADXM6Z67CT18




Telephone number


01453 524524




Website


www.renishaw.com



 
 
 




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