QMT News: March 2008
Renishaw reports good progress
Renishaw’s chairman and CEO, Sir David McMurtry reported  a revenue increase of 5% to £91.6m (2006  £87.1m) for the first six months of 2007.
At constant exchange rates, revenue would have been £1.9m higher, an increase of 7% reflecting good progress in Renishaw’s major geographic markets, particularly the Far East. Within the product mix, there was above-average growth in laser and calibration, machine tool and styli products, if partly offset by lower revenue from spectroscopy and dental products.
Operating profit rose 9.5% to £13.2m (2006 £12.0m). At constant exchange rates the operating profit would have increased to approximately £15.0m, an increase of 25%.  Profit before tax increased 11.4% to £15.1m (2006 £13.5m).
Sir David said, “Whilst performance has improved during the first half, we still expect continuing and improved performance in the second half, aided by resumed orders from a major Japanese customer for its own export sales, growing orders for new products especially the REVO and the current weakness of sterling”
www.renishaw.com
  
You can now view all QMT Magazine issues on your favourite tablet or smart phone.
Download the free Quality Manufacturing Today App from the Apple iTunes App Store or from QMT Magazine on Google Play.

Rob Tremain Photographer
www.4exposure.co.uk
slideShow
Click above to see full page display and links to QMT articles.
Untitled
MACH 2016 logo
Vision 2016 ad
Aberlink logo
Bowers logo
Control logo
TCT Inspex 2016 logo
Creaform logo
Hexagon Logo 2