{"id":16987,"date":"2024-10-24T07:37:09","date_gmt":"2024-10-24T06:37:09","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/south-west\/?p=16987"},"modified":"2024-10-24T07:37:09","modified_gmt":"2024-10-24T06:37:09","slug":"semiconductor-demand-boosts-renishaws-profits","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits","title":{"rendered":"Semiconductor demand boosts Renishaw’s profits"},"content":{"rendered":"

Precision engineering firm Renishaw increased first-quarter profits by 22%.<\/p>\n

The upbeat update, revealing pre-tax profits of \u00a334m at the Gloucestershire-based company, is a change from a challenging year. Revenues for the period were up 6% to \u00a3173.9m.<\/p>\n

It said ales of position encoders to the semiconductor manufacturing sector saw strong growth after a subdued performance last year. However the company told the stock market it is “cautious” about the strength of this demand for the rest of this year.<\/p>\n

Renishaw said: “The first quarter of FY2025 has seen solid revenue and profit growth in mixed trading conditions, with subdued demand in some markets, offset by good growth elsewhere.<\/p>\n

“Whilst Q1 sales of our encoder products to the semiconductor manufacturing sector have been stronger than last year, we remain cautious about demand from this market in the remainder of FY2025.”<\/p>\n

Renishaw’s share price is trading at a year-low, having lost 25% of its value since March. Last night’s closing price of 3,242p valued the business at \u00a32.4bn.<\/p>\n

Earlier this year engineering giant Siemens denied speculation it was considering making an offer for Renishaw.<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Strong first quarter is welcome after challenging year<\/p>\n","protected":false},"author":18,"featured_media":1099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,120781],"coauthors":[81],"class_list":["post-16987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","category-markets","tag-featured-story","tag-gloucestershire"],"yoast_head":"\nSemiconductor demand boosts Renishaw's profits - South West<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Semiconductor demand boosts Renishaw's profits - South West\" \/>\n<meta property=\"og:description\" content=\"Strong first quarter is welcome after challenging year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits\" \/>\n<meta property=\"og:site_name\" content=\"South West\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-24T06:37:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/feb_23\/Renishaw.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"721\" \/>\n\t<meta property=\"og:image:height\" content=\"497\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits\",\"url\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits\",\"name\":\"Semiconductor demand boosts Renishaw's profits - South West\",\"isPartOf\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/feb_23\/Renishaw.jpg\",\"datePublished\":\"2024-10-24T06:37:09+00:00\",\"dateModified\":\"2024-10-24T06:37:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#primaryimage\",\"url\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/feb_23\/Renishaw.jpg\",\"contentUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/feb_23\/Renishaw.jpg\",\"width\":721,\"height\":497,\"caption\":\"Renishaw\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thebusinessdesk.com\/south-west\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Semiconductor demand boosts Renishaw’s profits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#website\",\"url\":\"https:\/\/www.thebusinessdesk.com\/south-west\/\",\"name\":\"South West\",\"description\":\"Regional business news for South West\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thebusinessdesk.com\/south-west\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\",\"name\":\"Alex Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"caption\":\"Alex Turner\"},\"url\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/author\/alexturner\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Semiconductor demand boosts Renishaw's profits - South West","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits","og_locale":"en_GB","og_type":"article","og_title":"Semiconductor demand boosts Renishaw's profits - South West","og_description":"Strong first quarter is welcome after challenging year","og_url":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits","og_site_name":"South West","article_published_time":"2024-10-24T06:37:09+00:00","og_image":[{"width":721,"height":497,"url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/feb_23\/Renishaw.jpg","type":"image\/jpeg"}],"author":"Alex Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alex Turner","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits","url":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits","name":"Semiconductor demand boosts Renishaw's profits - South West","isPartOf":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#primaryimage"},"image":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#primaryimage"},"thumbnailUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/feb_23\/Renishaw.jpg","datePublished":"2024-10-24T06:37:09+00:00","dateModified":"2024-10-24T06:37:09+00:00","author":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d"},"breadcrumb":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#primaryimage","url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/feb_23\/Renishaw.jpg","contentUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/feb_23\/Renishaw.jpg","width":721,"height":497,"caption":"Renishaw"},{"@type":"BreadcrumbList","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16987-semiconductor-demand-boosts-renishaws-profits#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thebusinessdesk.com\/south-west\/"},{"@type":"ListItem","position":2,"name":"Semiconductor demand boosts Renishaw’s profits"}]},{"@type":"WebSite","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#website","url":"https:\/\/www.thebusinessdesk.com\/south-west\/","name":"South West","description":"Regional business news for South West","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thebusinessdesk.com\/south-west\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d","name":"Alex Turner","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633","url":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","caption":"Alex Turner"},"url":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/author\/alexturner"}]}},"_links":{"self":[{"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/posts\/16987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/comments?post=16987"}],"version-history":[{"count":1,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/posts\/16987\/revisions"}],"predecessor-version":[{"id":16988,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/posts\/16987\/revisions\/16988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/media\/1099"}],"wp:attachment":[{"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/media?parent=16987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/categories?post=16987"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/coauthors?post=16987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}