FTSE 250 company, Oxford Instruments plc has today announced preliminary results for the year ending 31 March 2012. The company reported record performance across all business sectors and strong organic growth in all territories despite continued economic uncertainty particularly in Europe. Revenues grew 28.6% to £337.3m with an adjusted pre-tax profit of £42.0m up 60.3% on the previous year. Adjusted EPS is also up by 48.4% to 61.6 pence. 44% of the company’s revenues have been derived from products launched or acquired in the last 3 years illustrating the commitment to strengthening the new product pipeline.
Jonathan Flint, Chief Executive said “Trading to date has been in line with our expectations and our markets remain strong despite continued economic uncertainty, particularly in Europe. A healthy pipeline of new product introductions is in place and we are investing across the business to increase efficiency, strengthen our market positions and drive further profitable growth. We are well positioned to build on the opportunities presented by emerging markets and to take advantage of new applications and technologies as they arise. We continue to look for bolt-on acquisitions to complement our existing businesses.”