In line with Oxford Instruments PLC progressive dividend policy, and due to the Group's robust trading performance and positive cash generation through the period, the Board is declaring an interim dividend of 4.4p per share (H1 2020: 4.1p).
Other financial highlights include:
Revenue growth of 26.8% at organic constant currency against weak comparator period (+13.5% vs half year 2019)
Strong growth in orders of 18.3% at organic constant currency (+26.0% vs half year 2019)
Reported order book grew by 13.2% (13.3% at organic constant currency), providing good visibility for the year ahead
Strong growth in adjusted operating profit with margin rising to 18.0%
Cash conversion of 48% reflects an increase in inventories to support order intake and mitigate supply chain disruption, timing of shipments and a resumption in capital expenditure
