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10 Oct 2008 07:30
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RENISHAW PLC
INTERIM MANAGEMENT STATEMENT FROM
1stΒ JULY 2008 to 30thΒ SEPTEMBER 2008
Revenue for theΒ firstΒ 3 monthsΒ of the current financial yearΒ increased by 24% to Β£53.0m, compared with Β£42.7m last yearΒ (an increase of 14% at constant exchange rates). Unaudited profit before tax amounted to Β£9.8m, compared withΒ Β£5.6mΒ last year.Β In addition to strong trading results, profits have beenΒ assistedΒ by the weakness ofΒ SterlingΒ to the extent ofΒ profit before taxΒ increasing by Β£2.9mΒ due to favourableΒ exchange rate movements relative to the comparableΒ period last year.
It is still very early in our financial year and worldwide economic conditions are extremely uncertain. Notwithstanding this present situation, we are encouraged by the continuing strength of our order book and the increasing market opportunities for the application of our technologies. The Board remains confident of the Company's prospects for the current year.
SirΒ David McMurtry CBE, RDI, CEng, FIMechE, FREng
Chairman and Chief Executive
10thΒ OctoberΒ 2008Β
Renishaw plc
Registered office. New Mills, Wotton-under-Edge,Β Gloucestershire,Β GL12 8JR
Registered number. 1106260
Telephone number. 01453 524524
Website. www.renishaw.com
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