Bumper performance by Renishaw
Posted on 07 Jun 2015 and read 2298 times
Unaudited financial information from Renishaw plc (www.renishaw.com
) — a global company with core skills in measurement, motion control, spectroscopy and precision machining — shows that revenue for its third quarter (ended 31 March) amounted to £145.9 million (2014: £84.5 million); the cumulative revenue for the nine months was £369.7 million, compared with £248.5 million for the corresponding period last year — an increase of 49%.
Revenue for the nine months in the Far East was 124% above the comparable period last year. The Americas showed growth of 14%, and the UK growth of 7%; growth in Europe was 1% higher.
Profit before tax for the third quarter was £53.2 million (2014: £14.4 million) and cumulative profit before tax was £109.8 million, compared with £40.0 million for the corresponding period last year — an increase of 174%.
Sir David McMurtry, chairman and chief executive, said: “In our interim results announced in January 2015, we indicated an anticipated full-year revenue in the range £480-510 million and profit before tax in the range £130-150 million. Our current view is that these ranges are still appropriate.”
The picture shows a component produced on an additive-manufacturing machine made by the company.