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Renishaw PLC on Thursday said its finance director will depart at the end of 2025 after 46 years at the firm, as it forecast annual adjusted pretax profit to be towards the top of expectations. The Gloucestershire, England-based provider of manufacturing technologies, analytical instruments, and medical devices expects full-year adjusted pretax profit to be towards the top of the £109 million to £127 million market range and revenue around the middle of the £700 million to £720 million range. In the financial year that ended June 30, 2024, Renishaw reported revenue of £691.3 million and adjusted pretax profit of £122.6 million. Renishaw’s financial 2025 results will be released on September 18. Shares in Renishaw rose 8.7% to 3,234.28 pence each in London on Thursday morning. They are down 12% in the past 12 months, however. Allen Roberts will step down as group finance director. Roberts has been with Renishaw for more than 46 years and was appointed as finance director in October 1980. Roberts will not stand for re-election to the Renishaw board at the upcoming annual general meeting on November 26 but will remain with the business until the end of the year to facilitate the handover of his responsibilities. Interim Non-Executive Chair David Grant commented: ‘To have remained finance director of a FTSE listed company for over 40 years is an incredible achievement. Allen’s stewardship of Renishaw’s finances through an ever-evolving business landscape has been a cornerstone of its enduring success.’ Renishaw said a process has commenced to recruit a chief financial officer. Details of the interim arrangements will be provided in due course, it added. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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