Business
Half-year Results
Half-year Results.
About this update from Oxford Instruments Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7230R\n Oxford Instruments PLC\n 09 November 2021\n \n \n \n Oxford Instruments plc\n Announcement of Half-year Results for the six months to 30 September 2021\n \n Oxford Instruments plc, a leading provider of high technology products and systems for industry and research, today announces its Half-year Results for the six months to 30 September 2021.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n % change\n \n \n \n \n \n \n \n Half year to\n \n \n Half year to\n \n \n \n \n \n organic\n \n \n \n \n \n \n \n 30 September\n \n \n 30 September\n \n \n % change\n \n \n constant\n \n \n \n \n Adjusted1\n \n \n 2021\n \n \n 2020\n \n \n reported\n \n \n currency4\n \n \n \n \n Revenue\n \n \n £170.1m\n \n \n £140.3m\n \n \n +21.2%\n \n \n +26.8%\n \n \n \n \n Adjusted operating profit\n \n \n £30.6m\n \n \n £24.3m\n \n \n +25.9%\n \n \n +28.0%\n \n \n \n \n Adjusted operating profit margin\n \n \n 18.0%\n \n \n 17.3%\n \n \n +70bps\n \n \n \n \n \n \n \n Adjusted profit before taxation\n \n \n £30.2m\n \n \n £23.7m\n \n \n +27.4%\n \n \n \n \n \n \n \n Adjusted basic earnings per share\n \n \n 41.2p\n \n \n 32.8p\n \n \n +25.6%\n \n \n \n \n \n \n \n Cash conversion2\n \n \n 48%\n \n \n 97%\n \n \n \n \n \n \n \n \n \n \n Net cash3\n \n \n £70.1m\n \n \n £81.4m\n \n \n \n \n \n \n \n \n \n 1. Adjusted items exclude the amortisation and impairment of acquired intangible assets, acquisition items, profit or loss on disposal of operations, other significant non‑recurring items, and the mark-to-market movement of financial derivatives. A full definition of adjusted numbers can be found in the Finance Review and Note 1.\n 2. Cash conversion measures the percentage of adjusted cash from operations to adjusted operating profit, as set out in the Finance Review.\n 3. Net cash includes total borrowings, cash at bank and bank overdrafts but excludes IFRS 16 lease liabilities.\n 4. Constant currency numbers are prepared on a month-by-month basis using the translational and transactional exchange rates which prevailed in the previous year rather than the actual exchange rates which prevailed in the year. Transactional exchange rates include the effect of our hedging programme. Organic numbers rem...