The global site of the UK's leading magazine for automation, motion engineering and power transmission
28 March, 2024

LinkedIn
Twitter
Twitter link
Renishaw bucks the recessionary trend
Published:  01 September, 2001

Renishaw bucks the recessionary trend

Encoder manufacturer Renishaw has turned in record results for the year ended 30 June, despite the difficult trading conditions. Turnover grew by 19% to £125.3m, operating profits rose by 9% to £27.9m, and pretax profits grew from £28.3m to £30.8m.

But the slowdown in the US economy started to take its toll in the final quarter which generated sales below expectations - although still ahead of those for the previous year.

Renishaw demonstrated its confidence in the future by investing £18.4m in research and development during the year - a 25% increase on the figure for 2000.

Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

     

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles