Highlights
• First half revenue and profit are reduced, however second quarter growth in both revenue and profit.
• Good growth in the Americas and Europe.
• Strong demand for our 3D additive manufacturing, measurement automation, encoder and spectroscopy products.
• New product releases during the period include the SPRINT™ high speed contact scanning system for machine tools.
• Continued investment in production, engineering and marketing infrastructure.
• Capital expenditure of £19.5m, including in-progress new build of 145,000 sq ft at New Mills and expanded facilities in Germany.
• Strong balance sheet, with cash of £13.4m at the end of the period.
• £32.0m cash expected in February for sale of shareholding in Delcam plc.
• Maintained dividend of 11.33 pence per share.
