Renishaw hits record and has jobs to spare
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Renishaw – the measurement, motion control, spectroscopy and precision machining group – has reported record sales and profits and has grown its workforce from 2,099 to 2,280 at the end of December 2010, and is still has 248 vacancies to fill, 161 of them in the UK, as it seeks to maximise opportunities.
Today (26th January) Renishaw reported record first half year revenue, 26% up at £129.3m and pre-tax profit of £35.5m, 132% from its previous highest first half year in 2006.
Chairman and chief executive Sir David McMurtry reported that all geographic areas saw good progress, with growth of 60% in Europe, 66% in the Americas and 103% in the Far East, in particular China which has become the Group's largest market.
The performance of our Metrology business exceeded expectations with revenue of £120.4m, an increase of 83%, Healthcare operations continued to develop in the newer dental, neuro and diagnostic activities and also in the longer established spectroscopy business. Revenue from Healthcare products rose 11% to £8.9m. During the period, the group made its first sale of an enhanced Renishaw Mayfield surgical robot to Frenchay Hospital in the UK.
Refurbishment of the company's Charfield premises, close to its New Mills site, is scheduled for completion at the end of March 2011 and will house our Healthcare operations currently located at New Mills.
