Renishaw PLC - Gloucestershire-based engineering and scientific technology firm - Expects delay to publishing full-year results, which will now be issued on October 21 instead of September 30. Says auditors, Ernst & Young LLP, requested additional time to complete its review procedures.
"The board confirms that final results are expected to be in line with the trading update provided on July 7. The group has seen a strong start to this financial year and currently has a record order book," company adds.
In early July, said it saw a strong trading performance in its final quarter, and finished the financial year with a "record" order book. The company expects to report revenue for the year that ended June 30 in a range of GBP562 million to GBP567 million, and adjusted pretax profit of GBP116 million to GBP121 million. In financial 2020, Renishaw reported revenue of GBP510.2 million and pretax profit excluding exceptional items of GBP48.6 million.
Current stock price: 4,972.00 pence, down 5.9% on Monday
Year-to-date: down 14%
By Paul McGowan; paulmcgowan@alliancenews.com
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Renishaw (RSW)