
![]() |
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
- Ocado seals US deal
- Industrial control & factory automation worth USD 293.2b by 2025
- Security holes identified in SCADA product
- PUWER training course
- Predictive tool to improve human-machine interactions
- Wearable robot augments humans
- Infosecurity: stop throwing rocks at each other
- Automate UK CTO helps to set new standards
- Deus Robotics secures $3m
- Hands Free Hectare broadens out to 35-hectare farm
RELATED ARTICLES
- No related articles listed
OTHER ARTICLES IN THIS SECTION