A 3D printed bicycle frame manufactured by Renishaw.
A 3D printed bicycle frame manufactured by Renishaw.

According to Renishaw CEO Sir David McMurtry, this was due in part to “strong demand for our 3D metal additive manufacturing products as we continue to integrate the production, sales and marketing activities and the previously acquired LBC business in Germany within the group infrastructure.”

A record quarterly revenue of £107.0m achieved in final quarter and there was continued investment in research and development, production and marketing infrastructure. 

“This and recent years have been characterised by large unpredictable revenue both in timing and value from certain Far East customers. If adjusted, this would result in underlying revenue growth of 8% for this year,” added Sir David.