Renishaw reports supply chain pressure from Iran war
Renishaw reported a 14% rise in third-quarter revenue. The group expects to meet annual forecasts despite supply chain disruptions caused by the Iran war.
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RENISHAW PLC reported Q3 revenue rose 14% to £206 million despite supply chain disruptions linked to the conflict in Iran. The two-month war has increased logistics costs and tightened global supplies of semiconductors and critical minerals. Investors are gauging if high-precision engineering firms can maintain raised guidance as geopolitical instability raises energy prices.
