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Oxford Instruments plc Announcement of Preliminary Results for the year ended 31 March 2021 Oxford Instruments plc , a leading provider of high technology products and systems for industry and research , today announces its preliminary results for the year ended 31 March 2021 . Adjusted¹ ( continuing operations ) Revenue Adjusted operating profit Adjusted operating profit margin Adjusted profit before taxation Adjusted basic earnings per share Cash conversion² Net cash³ % change Year ended Year ended % change 31 March 2021 31 March 2020 reported constant currency4 ₤ 318.5m £ 56.7m £ 317.4m £ 50.5m + 0.3 % + 12.3 % + 1.7 % + 13.3 % 17.8 % 15.9 % +190 bps £ 55.9m £ 49.5m + 12.9 % 78.6p 70.2p + 12.0 % 101 % 124 % £ 97.6m £ 67.5m Statutory ( continuing operations ) Revenue Operating profit Operating profit margin Profit before taxation Basic earnings per share Dividend per share for the year Year ended Year ended 31 March 2021 31 March 2020 ₤ 318.5m £ 53.0m £ 317.4m % change reported + 0.3 % + 33.2 % £ 39.8m 16.6 % 12.5 % +410 bps £ 52.2m £ 38.8m + 34.5 % 72.8p 17.0p 55.9p + 30.2 % n / a FINANCIAL HIGHLIGHTS • Revenue growth of 1.7 % at constant currency against challenging backdrop . Strong growth in orders of 5.3 % to £ 353.7m ( + 6.7 % at constant currency ) . • Reported order book grew by 13.2 % ( 17.8 % at constant currency ) to £ 198.1m • Strong growth in adjusted operating profit , with margin rising to 17.8 % ( 2020 : 15.9 % ) . • Cash conversion remains high , with increase in net cash to £ 97.6m . • Dividend for the year of 17.0p per share ( comprising interim dividend of 4.1p and proposed final dividend of 12.9p ) . OPERATIONAL HIGHLIGHTS • • • • Robust performance in the face of significant covid disruption reflects resilience of business model and strong position in diverse , attractive end markets . Strong profit growth and enhanced margin performance driven by significant gains from Horizon initiatives in a number of the businesses and the accelerated transformation of our service offering . Strengthened order book provides increased visibility for the year ahead . Order growth across academic and commercial customers driven by buoyant demand across semiconductor , quantum and advanced materials markets ; good growth in North America and Asia offset by modest decline in Europe . • Maintained investment in R & D with increased focus on strategic product development driven by enhanced market intimacy , providing a healthy pipeline of future product launches . • Underlying long - term growth drivers in our end markets remain strong . • Considerable progress with our sustainability agenda , with significant reduction in our environmental footprint . Summary and Outlook : lan Barkshire , Chief Executive of Oxford Instruments plc , said : We have made good progress during the year as our people have demonstrated outstanding agility to adapt to new ways of working to protect each other and our customers , whilst driving forward with our strategy for increased end market focus and operational effectiveness . Our robust performance , strong order book and breadth of attractive end markets demonstrate the resilience of our business model , positioning us well for good progress in the year despite anticipated currency headwinds and the ongoing uncertainties as global economies look to recover from covid . - Ends - Issued for and on behalf of Oxford Instruments plc