Highlights:
First half orders of £168.0 million (2012: £169.8 million)
First half revenue of £166.3 million (2012: £170.8 million)
Marked improvement in trading conditions in the second quarter
Adjusted gross margin of 45.0% (2012: 44.6%)
Adjusted profit before tax* of £20.6 million (2012: £22.5 million)
Reported EPS up 16.0% at 23.2 pence (2012: 20.0 pence)
Adjusted EPS down 13.3% at 28.6 pence (2012: 33.0 pence)
Focused R&D and strong new product pipeline will underpin organic growth
Acquisition of RMG Technology Limited
Discussions with Andor Technology plc
Interim dividend increased by 10.2% to 3.36p per share (2012: 3.05p)
Jonathan Flint, Chief Executive of Oxford Instruments plc, said:
"The second quarter has shown a significant strengthening in both orders and revenues. This improvement in trading, supported by the strength of new product introductions and our actions to enhance operating efficiencies, should enable us to deliver an improved performance in the second half. Looking forward, the application of both our existing and new techniques to the Nano-Bio field offers us the opportunity for further sustained profitable growth".
