0806 GMT - Renishaw's new FY 2026 guidance suggests a turning point for the engineering company's financial health, Jefferies analysts say in a note. The upgrade represents a 4% increase in revenue and a 7% increase in adjusted pretax profit compared with previous estimates. Revenue is now expected to be between 775 million and 780 million pounds, while adjusted pretax profit is expected to be in the range of 145 million to 165 million pounds. This implies that second-half adjusted pretax profit margins are now at 21.4%, with top-line growth expected at more than 10% at the new revenue midpoint. It also points to the company nearing its 20% Ebita margin target, signaling its operating leverage is finally kicking in, the analysts say. Jefferies expects a healthy share-price move as the market reacts to the upgrades. Shares are up 7.35% at 44.72 pounds. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

April 20, 2026 04:06 ET (08:06 GMT)

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