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Trading statements

Renishaw boosts FY pretax profit, revenue guidance

10 May 2017 07:48

Renishaw has boosted its forecasts for FY revenue and pretax profit.

In its H1 trading update, it forecast FY revenue of £500m-£530m and pretax profit of £85m-£105m.

"We are now anticipating revenue to be in the range of £520m to £535m and profit before tax to be in the range of £99m to £108m," said Renishaw.

The company added that it continued to manage its cost base and evaluate investment in new business areas.

Renishaw said nine-month revenue was £382.2m, from £308.1m a year earlier. Pretax profit for the nine months was £69.3m, versus a restated £50.4m last year.

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