Shares in Oxford Instruments PLC (AIM:OXIG) slipped by 5% on Thursday after the technology systems provider warned of muted earnings for the full-year.
Though revenue grew over the half-year to September, currency headwinds and high expenditure will result in flat adjusted profit at the interim stage, the group said on Thursday.
The FTSE 250-listed company had penned adjusted operating profit of £36.8 million in the first half of 2022.
Margins will likely fall at the interim stage however, leaving full-year profit at the lower end of the guided range of £78.6 million to £84.3 million.
“While we remain mindful of the current macro-economic and political climate, our order book for the remainder of the year is strong and supported by a robust pipeline,” the group added.
Shares slipped by 4.64% to 1,950.21p.