 |
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
- Are you connected?
- Automotive Manufacturing Shifts Up A Gear
- Engineering collaboration start-up
- Managed IoT connectivity available in AWS Marketplace
- Construction begins on National Robotarium
- Wind farm foundations get robotic inspection
- Siemens technologies supports plan to create digital chemical facility
- Addressing the risk of electrification
- Wearable robot
- Out-of-the-box AR
RELATED ARTICLES
- No related articles listed
OTHER ARTICLES IN THIS SECTION
