{"id":68605,"date":"2019-07-29T13:12:19","date_gmt":"2019-07-29T05:12:19","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/renishaw-financial-results-show-continued-growth.3dm"},"modified":"2019-07-29T13:12:19","modified_gmt":"2019-07-29T05:12:19","slug":"renishaw-financial-results-show-continued-growth","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/renishaw-financial-results-show-continued-growth\/","title":{"rendered":"Renishaw financial results show continued growth"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">81<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">63<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">18<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p><span style=\"font-weight: 400;\">Renishaw PLC (LON:RSW) has issued a trading update for the first quarter of the financial reporting year 2018. With a year-end of 30th June, the latest financial results from Renishaw PLC mark Q1 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Headline revenue was \u00a3142.3m, a growth of 26% over the \u00a3112.8m for the corresponding period last year. Shares in the UK HQ\u2019d metrology and healthcare company are currently trading near an all-time high, with the stock price having doubled when compared to the prior year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ongoing revenue growth at Renishaw follows a strong <\/span><span style=\"font-weight: 400;\">full year financial performance<\/span><span style=\"font-weight: 400;\"> for 2017.<\/span><\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"208\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Continuing operations&quot;}\">Continuing operations<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q1 2018&quot;}\">Q1 2018<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q1 2017&quot;}\">Q1 2017<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Variance&quot;}\">Variance<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u00a3m&quot;}\">\u00a3m<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u00a3m&quot;}\">\u00a3m<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u00a3m&quot;}\">\u00a3m<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;%&quot;}\">%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Metrology&quot;}\">Metrology<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:137.1}\">137.1<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:108.9}\">108.9<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:28.19999999999999}\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">28.2<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.25895316804407703}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0%&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=R[0]C[-1]\/R[0]C[-2]\">26%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Healthcare&quot;}\">Healthcare<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:5.2}\">5.2<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:4}\">4<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1.2000000000000002}\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">1.2<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.30000000000000004}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0%&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=R[0]C[-1]\/R[0]C[-2]\">30%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total Revenue&quot;}\"><strong>Total Revenue<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:142.29999999999998}\" data-sheets-formula=\"=sum(R[-2]C[0]:R[-1]C[0])\"><strong>142.3<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:112.9}\" data-sheets-formula=\"=sum(R[-2]C[0]:R[-1]C[0])\"><strong>112.9<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:29.399999999999988}\" data-sheets-formula=\"=sum(R[-2]C[0]:R[-1]C[0])\"><strong>29.4<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.2604074402125774}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0%&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=R[0]C[-1]\/R[0]C[-2]\"><strong>26%<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Adjusted* Profit before tax&quot;}\">Adjusted* Profit before tax<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:35.8}\">35.8<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:15.1}\">15.1<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:20.699999999999996}\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">20.7<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1.3708609271523176}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0%&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=R[0]C[-1]\/R[0]C[-2]\">137%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Statutory Profit before tax&quot;}\">Statutory Profit before tax<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:36.9}\">36.9<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:10.7}\">10.7<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:26.2}\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">26.2<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2.4485981308411215}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0%&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=R[0]C[-1]\/R[0]C[-2]\">245%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>UK R&amp;D, global sales expertise<\/b><\/p>\n<p><span style=\"font-weight: 400;\">One key to revenue from Additive Manufacturing at Renishaw is the opening of a global network of additive manufacturing solutions centers. Speaking about the full 2017 financial results, William Lee Renishaw Group Sales and Marketing Director said, \u201cWe&#8217;re very pleased this year we opened our U.S., German and Canadian additive manufacturing solution centers.\u201d<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThese are really where we can work with our key customers to get them an introduction to additive manufacturing, so they can come and develop their processes with us in an environment that&#8217;s all setup and ready to go\u201d.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The importance of having a presence in local markets was very much evident during my recent visit to Taipei where the Renishaw booth at the <\/span><span style=\"font-weight: 400;\">Taiwan International <a href=\"\/service\/3d-printing\"> Show 2017<\/span><\/p>\n<p><span style=\"font-weight: 400;\">was significantly larger than many companies from outside the country, and on par with local manufacturers such as Tongtai. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, revenue growth -in absolute terms- outside Renishaw\u2019s UK home territory has seen the most substantial increases. For FYE2017, Far East revenue was up \u00a355.6M and Americas revenue by \u00a325.6M &#8211; this compares with an increase of \u00a34.8M for the UK.<\/span><\/p>\n<figure id=\"attachment_123489\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-123489\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/The-Ren-AM-400.-Photo-by-Michael-Petch.-1024x768.jpg\" alt=\"The Ren AM 400. Photo by Michael Petch.\" width=\"1024\" height=\"768\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/The-Ren-AM-400.-Photo-by-Michael-Petch.-1024x768.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/The-Ren-AM-400.-Photo-by-Michael-Petch.-770x578.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/The-Ren-AM-400.-Photo-by-Michael-Petch.-200x150.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/The-Ren-AM-400.-Photo-by-Michael-Petch.-500x375.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">The Ren AM 400 metal additive manufacturing system. Photo by Michael Petch.<\/figcaption><\/figure>\n<p><b>3D printing in APJ<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The FalconTech commitment to purchase 10 RenAM 500 metal additive manufacturing systems over an 18 month period also illustrates the importance of the Asia-Pacific region.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">APJ is vital region not only for Renishaw. Earlier this month SLM Solutions reported a deal for <\/span><span style=\"font-weight: 400;\">70 SLM280 metal additive manufacturing systems<\/span><span style=\"font-weight: 400;\"> from an undisclosed customer in Asia. HP has claimed a deal with Shining ePrint 3D whereby over <\/span><span style=\"font-weight: 400;\">50 HP Multi Jet Fusion 3D printers will be deployed<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Renishaw\u2019s most recent trading update the company reports that \u201cThe Group balance sheet remains strong with net cash balances of \u00a382.6m as at 30th September 2017 (30th June 2017: \u00a364.8m).\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a short trading update, Sir David McMurtry wrote, \u201cThe Board remains confident in the future prospects of the Group and of achieving good growth in both revenue and profit in this financial year.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Renishaw will report results for the half year ending 31st December 2017 on 25th January 2018.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">For all the latest 3D printing industry news, <\/span><\/i><i><span style=\"font-weight: 400;\">subscribe to our free newsletter<\/span><\/i><i><span style=\"font-weight: 400;\"> and follow our <\/span><\/i><i><span style=\"font-weight: 400;\">active social media accounts<\/span><\/i><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\n<p><em>Featured image shows the Ren AM 400 metal additive manufacturing system. Photo by Michael Petch.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>81shares 63 18 0 Renishaw PLC (LON:RSW) has issued a trading update for the first quarter of the financial reporting year 2018. With a year-end of 30th June, the latest financial results from Renishaw PLC mark Q1 2018. Headline revenue was \u00a3142.3m, a growth of 26% over the \u00a3112.8m for the corresponding period last year. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182609,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/The-Ren-AM-400.-Photo-by-Michael-Petch.-1024x768.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170],"class_list":["post-68605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Renishaw financial results show continued growth - FacFox News<\/title>\n<meta name=\"description\" content=\"81shares63180Renishaw PLC (LON:RSW) has issued a trading update for the first quarter of the financial reporting year 2018. 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