Business
Final Results
Final Results.
About this update from Oxford Instruments Plc
[{"type":"text","content":"\n \nRNS Number : 7470B Oxford Instruments PLC 11 June 2019 \n\nRelease Date: 7am Tuesday 11 June 2019\n \nOxford Instruments plc\nAnnouncement of Preliminary Results for the year ended 31 March 2019\n \nOxford Instruments plc, a leading provider of high technology products and systems for industry and research, today announces its Preliminary Results for the year ended 31 March 2019.\n \n\n\n\n\n \n\n\nYear ended\n31 March 2019\n\n\nYear ended\n31 March 2018\n\n\n% change reported\n\n\n% change constant currency\n\n\n\n\n \n\n\n£m\n \n\n\n£m\n\n\n \n\n\n \n\n\n\n\nRevenue1\n\n\n333.6\n\n\n296.9\n\n\n+12.4%\n\n\n+10.8%\n\n\n\n\nAdjusted* operating profit1\n\n\n49.7\n\n\n46.5\n\n\n+6.9%\n\n\n+9.7%\n\n\n\n\nAdjusted* profit before tax1\n\n\n47.5\n\n\n42.3\n\n\n+12.3%\n\n\n \n\n\n\n\nProfit before tax1\n\n\n35.5\n\n\n34.2\n\n\n+3.8%\n\n\n \n\n\n\n\nAdjusted* basic earnings per share1\n\n\n64.9p\n\n\n56.3p\n\n\n+15.3%\n\n\n \n\n\n\n\nBasic earnings per share1\n\n\n50.1p\n\n\n34.3p\n\n\n+46.1%\n\n\n \n\n\n\n\nDividend per share (full year)\n\n\n14.4p\n\n\n13.3p\n\n\n+8.3%\n\n\n \n\n\n\n\nCash generated from operations1\n\n\n56.3\n\n\n33.4\n\n\n \n\n\n \n\n\n\n\nNet cash/(debt)\n\n\n6.7\n\n\n(19.7)\n\n\n \n\n\n \n\n\n\n\n \n1Continuing operations\n \nFinancial Highlights:\n· Orders up 12.9% to £353.5m (2018: £313.0m), an increase of 12.0% at constant currency\n· Order book of £171.6m (31 March 2018: £153.0m, restated for IFRS 15) up 12.2% (9.4% at constant currency)\n· Reported revenue increased by 12.4% to £333.6m. The Group has adopted IFRS 15 'Revenue from Contracts with Customers' and IFRS 16 'Leases'. The impact is to increase revenue by £7.0m \n· Adjusted operating profit from continuing operations up 6.9% to £49.7m\n· Adjusted operating margin of 14.9% (2018: 15.7%), 15.5% at constant currency, impacted by a currency headwind and in-year investment in operational excellence\n· Reported profit before tax up 3.8% to £35.5m after mark-to-market movement on currency derivatives and adjusting items\n· Net cash of £6.7m followin...