The UK tech firm reported 8% organic order growth and raised its margin target for Advanced Technologies to 12-15%.
Oxford Instruments posted full-year results slightly ahead of expectations, driven by an 8% rise in group orders on an organic constant-currency basis. Gross margin improved, and cash conversion remained strong at 89%, reflecting operational resilience amid market challenges.
Advanced Technologies led performance with a 28% jump in order intake, fueled by semiconductor demand in datacom and AR/VR applications. The company lifted its medium-term margin target for the division to 12-15% and projected high-teens revenue growth for FY 2027. Imaging & Analysis recovered in the second half, though academic markets remained weak.
The sale of NanoScience sharpened strategic focus, supporting a dividend increase and share buyback program. CEO Richard Tyson noted the year ended stronger than expected, with quarter-on-quarter order improvement offsetting early-year headwinds.