TIDMRSW

RNS Number : 3388T

Renishaw PLC

17 July 2020

Renishaw plc

Trading Update

17 July 2020

Renishaw plc, the global high-precision metrology and healthcare technology group, publishes this trading update for the financial year ended 30 June 2020. It contains unaudited information that covers the financial year and the period since.

Full year revenue is expected to be around GBP510m, with adjusted profit before tax of around GBP50m.

Statutory profit before tax is expected to be around GBP4m, compared with the GBP31m to GBP41m range published in our trading update of 12 May 2020. Items included in statutory profit before tax that are excluded from adjusted profit before tax are:

-- restructuring costs of approximately GBP24m following the reorganisation and rationalisation of certain operations, particularly related to our additive manufacturing business; and

-- approximately GBP22m of fair value losses of financial instruments not eligible for hedge accounting. There was no impact on the group net assets, cash balances or future cash flows resulting from these losses.

In light of the pandemic, the Board has focused on cash preservation and the Group balance sheet remains strong.

We can now confirm that the preliminary results for the year ended 30 June 2020 will be released on 13 August 2020.

Allen Roberts

Group Finance Director

17 July 2020

 
 Renishaw plc 
 Registered office:    New Mills, Wotton-under-Edge, Gloucestershire, 
                        GL12 8JR 
 Registered number:    01106260, England and Wales 
 LEI number:           21380048ADXM6Z67CT18 
 Telephone:            +44 (0)1453 524524 
 Website:              www.renishaw.com

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July 17, 2020 03:06 ET (07:06 GMT)

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