Business
Half-year results
Half-year results.
About this update from Oxford Instruments Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7338E\n Oxford Instruments PLC\n 10 November 2020\n \n \n \n Release date: 10 November 2020\n \n Oxford Instruments plc\n Announcement of half-year results for the six months to 30 September 2020\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 2020.\n \n \n \n \n \n \n \n \n \n Half year to\n30 September 2020\n£m\n \n \n Half year to\n30 September 2019\n£m\n \n \n % change reported\n \n \n % change constant currency\n \n \n \n \n Revenue1\n \n \n 140.3\n \n \n 157.6\n \n \n (11.0%)\n \n \n (11.0%)\n \n \n \n \n Adjusted2 operating profit1\n \n \n 24.3\n \n \n 26.2\n \n \n (7.3%)\n \n \n (11.5%)\n \n \n \n \n Adjusted2 profit before tax1\n \n \n 23.7\n \n \n 25.8\n \n \n (8.1%)\n \n \n \n \n \n \n \n Profit before tax1\n \n \n 20.2\n \n \n 18.9\n \n \n +6.9%\n \n \n \n \n \n \n \n Adjusted2 basic earnings per share1\n \n \n 32.8p\n \n \n 36.0p\n \n \n (8.9%)\n \n \n \n \n \n \n \n Dividend per share (half-year)\n \n \n 4.1p\n \n \n -\n \n \n \n \n \n \n \n \n \n \n Cash generated from operations1\n \n \n 23.3\n \n \n 15.3\n \n \n +52.3%\n \n \n \n \n \n \n \n Net cash\n \n \n 81.4\n \n \n 14.2\n \n \n \n \n \n \n \n \n \n \n 1. Continuing operations.\n \n \n Financial highlights:\n \n \n · Reported orders up 6.0% to £175.7m (2019: £165.7m), an increase of 5.9% at constant currency; book-to-bill ratio of 1.25\n \n · Order book of £204.6m (31 March 2020: £175.0m), up 16.9% (16.6% at constant currency)\n \n · Reported and constant currency revenue down by 11.0% to £140.3m, affected by customer site closures and the introduction of new covid-related working practices\n \n · Adjusted operating profit from continuing operations down 7.3% at £24.3m (a decline of 11.5% at constant currency)\n \n · Adjusted operating margin of 17.3% (2019: 16.6%), sustained at 16.6% constant currency despite the revenue decline\n \n · Net cash grew to £81.4m, aided by good operating cash flow (97% cash conversion). At the end of September, the Group had total headroom of approximately £214m, including the undrawn £105m credit facility\n \n · Robust half-year trading performance and stron...