Renishaw plc (GB:RSW) has released an update.
Renishaw plc has reported solid performance in a mixed market environment, with Q3 revenue rising to £172.4m, signaling recovery in semiconductor equipment demand. Over the nine months to March 2024, the company saw a 4% decline in revenue to £502.9m, but maintained steady currency-adjusted revenue compared to the previous year. Adjusted profit before tax fell to £86.8m, down 22%, impacted by currency fluctuations and increased employee pay.
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