Abcam expects to report revenue growth of approximately 11% on a constant currency basis and approximately 10% on a reported basis for the six months to the end of December.

And the group said it remained on track to deliver against its constant currency revenue growth target of around 10% for the full year. Catalogue revenue grew by over 11% in the first half of the year, with all product categories growing ahead of estimated underlying market growth rates.

Custom products and licensing revenue, which represented over 6% of the total for the period, increased by approximately 8%.

An update said: 'Our business in China continues to operate well and we expect revenue growth of over 24% in the first half, ahead of the market growth rate in the territory.

'Investments in R&D, our organisation, global ERP system, and facilities continue according to plan, and underlying gross margins remain in line with our expectations.'