Renishaw release a trading update
"Trading in the first two months of the new financial year has been very positive," says Renishaw chairman and chief executive Sir David McMurtry. "Consistent with the momentum highlighted at the time of our final results for the year to 30 June, 2010."
He continued: "We have seen strong demand for our metrology products across all our main geographies, particularly in Japan and the rest of Asia, where sales have been running at approximately double last year's levels for the same period. Group revenue in July and August has been approximately £20 million per month and the order book currently stands at approximately £25 million. Order visibility remains at around four to five weeks' sales."
A further update on trading in the first quarter will be provided in Renishaw's Interim Management Statement timed to coincide with the company's AGM on 14 October, 2010.
