The global site of the UK's leading magazine for automation, motion engineering and power transmission
9 April, 2020

Product and Supplier Search

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.

  • 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



Birmingham 2020The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 25-27 January, 2021. For more information on the event, visit the Show Web site


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



Most Read Articles