Renishaw lifts full-year outlook as strong demand boosts order book
Renishaw PLC on Monday raised full-year guidance reflecting buoyant demand and a further ‘substantial expansion of our order book’.
In response, shares in the Gloucestershire, England-based supplier of manufacturing technologies, analytical instruments, and medical devices rose 6.7% to 4,446.00 pence each in London on Monday morning. It was the best performing stock on London’s FTSE 250, which was down 0.9%.
Renishaw now expects revenue in the financial year to June of £775 million to £805 million, raised from guidance of £740 million to £780 million provided in February.
It projects adjusted pretax profit of £145 million to £165 million, lifted from £132 million to £157 million.
In the financial year to June 2025, Renishaw reported revenue of £713 million and adjusted pretax profit of £127.2 million.
Since February, Renishaw said it has seen ‘particularly’ strong demand from customers in the semiconductor and electronics manufacturing equipment, and aerospace & defence sectors, with a further ‘substantial’ expansion of its order book.
The firm said it is ‘actively’ managing the challenges and increasing costs imposed by ‘ongoing economic and geopolitical uncertainties and supply chain pressure’.
Renishaw said it will provide an update on revenue performance to the end of March, on May 6.
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