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Renishaw warns

24 March 2016 07:24

Renishaw said revenue last year benefited from a number of large orders in the Far East which have not been repeated to the same extent this year.

"We have now received information that indicates we are unlikely to achieve the trading levels previously anticipated at the time of our half year results announcement in January 2016," the company said.

"We are continuing to experience underlying growth (after adjusting for the large orders) and now expect full year revenue to be in the range of GBP420m-GBP440m and a profit before tax in the range of GBP67m-GBP83m."

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