Oxford Instruments sees FY results in line with previous year

Oxford Instruments said on Thursday that its full-year performance is anticipated to be in line with the prior year.

In a statement ahead of its close period, the company, which provides high technology tools and systems for industry and research, said trading in the second half of the year was consistent with the expectations disclosed in its interim results.

The group said a good performance from NanoTechnology Tools has continued to mitigate an expected deterioration in its OI Healthcare business.

In addition, it said its focus on strengthening the balance sheet has resulted in a reduction in net debt at 31 March 2017 against the same period last year.

The group's results for the year ended 31 March 2017 are scheduled to be released on 13 June 2017.

At 0925 BST, the shares were down 1.9% to 845.50p.