Strong Performance in Systems Business
The systems business in industrial metrology is identified as a high growth area, with positive outlook and rapid business growth potential.
Positive Signs in Additive Manufacturing (AM)
Despite a down year, additive manufacturing ended with a solid order book and positive prospects in defense markets.
Opportunities in China
Good growth and optimism in China with new opportunities in entry-level markets and encoder applications in electronics and semiconductors.
Cost Reduction Success
GBP 24 million cost savings expected from labor and facility closures, with additional productivity initiatives underway.
Product Innovation and Launches
New product launches such as Equator-X, dual-laser RenAM, and ASTRiA encoders are performing well and driving long-term growth.
Strong Cash Position
Nearly GBP 300 million in cash on the balance sheet, with active discussions on capital allocation.