Renishaw Reports Modest Revenue Growth Amid Profit Dip

Renishaw (GB:RSW) has released an update.

Renishaw PLC has reported a slight revenue increase to £691.3 million in FY2024, up by 0.4% from the previous year, despite tough market conditions. However, adjusted profits before tax fell by 13% to £122.6 million, with unchanged dividends, attributed to currency impacts and increased employee costs. The company remains optimistic about future growth, driven by strategic focus on existing markets, value of technology, and expansion into new markets.

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