Oxford Instruments Regulatory News (OXIG)

14 Jan 2008 07:00

Oxford Instruments PLC14 January 2008 14 January 2008 Oxford Instruments plc (the "Company") Interim Management Statement Oxford Instruments plc, the high technology tools and systems company, issues today an Interim Management Statement which covers the period from1 October 2007 to 14 January 2008, as required by the UK Listing Authority's Disclosure and Transparency Rules. Financial Position and Performance of the Company Revenues in the period were in line with the Board's forecasts and above thesame period last year. Our core environmental and nanotechnology markets remain robust despite marketconcerns over global economic conditions. Our Research and Development programmecontinues to convert our technological capabilities into innovative newproducts, meeting the needs of our customers. This combination of robust marketsand commercially orientated innovation has helped to ensure that our organicgrowth plans remain on track. Furthermore, the integration of our two recentacquisitions, Vericold and WAS, is proceeding to plan with strong tradingresults to date from both companies. Save as described in this statement, there has been no significant change in thefinancial position of the Group in the period. The Board continues to beconfident that the Group's full year performance will meet expectations. Jonathan FlintChief Executive - Ends -Enquiries: Oxford Instruments plc Tel: 01865 393200Jonathan Flint, Chief ExecutiveKevin Boyd, Group Finance Director Hogarth Partnership Limited Tel: 020 7357 9477Rachel Hirst / Andrew Jaques / Ian Payne This Interim Management Statement contains certain forward-looking statements which have been made by the Directors in good faith using information available up until the date they approved the Statement. Forward-looking statements should be regarded with caution as by their nature such statements involve risk and uncertainties relating to events and circumstances that may occur in the future. Actual results may differ from those expressed in such statements, depending on the outcome of these uncertain future events. Notes to Editors Oxford Instruments designs, supplies and supports high-technology tools,processes and solutions with a focus on physical science, bioscience,environmental and industrial research and applications. It provides solutionsneeded to advance fundamental nanoscience research and its transfer intocommercial nanotechnology applications. Innovation has been the driving forcebehind Oxford Instruments' growth and success for over 40 years, and itsstrategy is to effect the successful commercialisation of these ideas bybringing them to market in a timely and customer-focused fashion. The first technology business to be spun out from Oxford University over fortyyears ago, Oxford Instruments is now a global company with over 1500 staffworldwide and a listing on the London Stock Exchange (OXIG). Its objective is tobe the leading provider of new generation tools and systems for the PhysicalScience and Bioscience sectors. This involves the combination of core technologies in areas such as lowtemperature and high magnetic field environments, Nuclear Magnetic Resonance,X-ray electron and optical based metrology, and advanced growth, deposition andetching. Our products, expertise, and ideas address global issues such asenergy, environment, terrorism and health and are part of the next generation oftelecommunications, energy products, environmental measures, security devices,drug discovery and medical advances. This information is provided by RNS The company news service from the London Stock Exchange