 |
Charlotte Stonestreet
Managing Editor |
ARTICLE
Second profit warning of the year from Renishaw
14 May 2019
UK engineering and scientific technology company Renishaw has cut its annual profit forecast for the second time in less than two months, as customer demand remained weak, sending shares to a two-year low.
The FTSE 250 group announced a fall in profits for the last nine months of 18.4%, down from £97.6m to £79.6m.
According to the company adjusted profit before tax is now expected to be in the range of £105m to £120m.
In March it cut its profit forecast to between £111m to £135m.
MORE FROM THIS COMPANY
- Emerson roadshow hits the UK
- Apple & CMU work on robotic device recycling
- Belting for peak season
- Eco-friendly electric valve actuator
- Northamptonshire Manufacturing Week
- Feasibility funding for autonomous vehicle cyber security
- What Wi-Fi 7 means for manufacturing
- Survey shows net zero skills gap
- Manufacturers warn of supply chain chaos
- SPS – bringing automation to life
RELATED ARTICLES
- No related articles listed
OTHER ARTICLES IN THIS SECTION
