Renishaw Regulatory News (RSW)

11 Jun 2007 14:32

Renishaw PLC11 June 2007 Renishaw plc Trading statement 11th June 2007 The Board of Renishaw has noted the recent movement in the Company's shareprice, which it believes to have been precipitated by the publication of ananalyst's report on the Company and its prospects for the 2008 financial year(the year ending 30th June 2008). In the view of the Board, the note does not raise any matters which were notalready in the public domain. As the Company has previously indicated, there area number of factors which will, inter alia, have a bearing on the Company'sfinancial performance in 2008 including the effect of exchange rates (inparticular the US Dollar and the Japanese Yen) and the level of demand for theCompany's products in the CMM market, with some development delays in deliveringcertain of the Company's new and in-demand products, in particular REVO andGYRO, being experienced. In addition, the Company awaits the outcome of theruling expected on 25th June 2007 in relation to the case being brought by theJapanese government in relation to the export activities of one of the Group'scustomers, which, if negative, may also be expected to have an adverse effect onthe Group's sales to that company in our 2008 financial year. The Board is currently reviewing the outlook for the 2008 financial year as partof its normal year end process. The Company expects to provide an update inrelation to the outlook for 2008 along with the publication of its results forthe 2007 financial year on 25th July 2007. Sir David R McMurtry, CBE, RDI, CEng, FIMechE, FREngChairman & Chief Executive11th June 2007 Enquiries: B R Taylor 01453 524018 Registered number: 1106260 Registered office: New Mills, Wotton-under-Edge, Gloucestershire. GL12 8JR Telephone: 01453 524524 This information is provided by RNS The company news service from the London Stock Exchange