UK engineering group Renishaw Plc said it expected higher full-year revenue and profit growth despite a mixed market outlook after interim earnings jumped 11.5% on an adjusted basis boosted by strong contributions from the defence and semi-conductor sectors.
The company on Wednesday said it expected ongoing strong demand across specific sectors and product lines offsetting more subdued conditions in general industrial markets.
Adjusted pre-tax profit came in at £64.1m on the back of a 7.1% rise in revenue to £365.6m.
"We built strong momentum through the first half of FY2026, with positive contributions from our emerging products, delivering growth in each segment and a significant further growth of our order book," Renishaw said.
"Whilst we are mindful of ongoing economic and geopolitical uncertainties, our positive momentum has continued in the early part of Q3, and we are confident of achieving strong growth for the year as a whole."
The company now expects annual revenue of £740m - £780m and adjusted profit before tax in a range of £132m - £157m.
Reporting by Frank Prenesti for Sharecast.com