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Pin to quick picksElektron Technology Share News (EKT)

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Elektron trades in line with upgraded market forecasts

Tue, 05th Feb 2019 08:15

(Sharecast News) - Global technology firm Elektron expects to have traded in line with upgraded market forecasts in its recently wrapped up trading year.Elektron told investors on Tuesday that revenues were expected to have increased 13% to £33.7m in the year ended 31 January, thanks to Bulgin's high margin product growth strategy and strong conversion of order book to sales.On a unit-by-unit basis, Bulgin saw revenues climb 10%, while Elektron Eye and Checkit recorded 30% and 100% increases, respectively.Looking forward, the AIM-listed outfit said it was "clearly aware" of the current macro-economic uncertainty in the UK, and expressed some caution regarding its future trading.However, Elektron still anticipates that the strong momentum seen during the year will continue and that it will trade at "record levels for the period of current visibility through its first quarter".Chief executive John Wilson said: "The underlying performance of the group during the last financial year has been outstanding and it is expected that profits, notwithstanding incurring £200k of aborted transaction costs, will remain in line with the most recent, upgraded, market forecasts for the year."As of 1110 GMT, Elektron shares had slid 2.27% to 43p.
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6 Apr 2010 14:32

Sector movers: Elektron power electronics gains

Elektron is among the stocks boosting the electronic and electrical equipment sector. The components group today announced Keith Daley has been appointed executive chairman. Daley has been non-executive chairman and temporary chief executive officer since the resignation of the previous CEO in 200

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6 Apr 2010 09:08

Elektron names Daley chairman

Components group Elektron today announced Keith Daley has been appointed executive chairman. Daley has been non-executive chairman and temporary chief executive officer since the resignation of the previous CEO in 2008. Commenting on the appointment Daley said, "We have an excellent team, innovat

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12 Jan 2010 14:57

Elektron to beat expectations, possible disposal

Elektron said it expects to perform 'significantly' better than the current market forecast for the financial year ending 31 January, excluding the exceptional charges arising from its restructuring. The number of divisions in the components group has been reduced from three to two. Electron said

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8 Oct 2009 08:34

Elektron posts H1 loss

Components group Elektron reported an interim loss compared with a profit the previous year but said it is confident of meeting market expectations for the full year. The group posted a loss before taxation from continuing operations of £388,000 for the six months to 31 July following exceptional c

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19 Aug 2009 08:24

Elektron sees continued improvements

Components group Elektron said it is no longer seeing dramatic declines and continuing to see improvements in some areas of its business. The firm, which makes switches, battery holders and other electrical products, said margins at its largest division, Elektron Components, which accounts for 60%

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11 Jun 2009 16:33

London close: Banks boost Footsie late

London rallied strongly late on, helped by gains for banks, which outweighed profit taking among the big mining stocks and weakness among oil users as the price of crude rose again. Speculation is growing about the timing of the government's withdrawal from ownership of large stakes in Royal Bank

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11 Jun 2009 14:47

London afternoon: Banks in demand

London is having a languid day, with Footsie lacking direction. Banks are strong but their gains are counterbalanced by losses on mining stocks. Banks are in focus as speculation grows about the timing of the government's withdrawal from ownership of large stakes in Royal Bank of Scotland (RBS), L

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11 Jun 2009 11:54

London midday: Leading shares remain mixed

Leading shares continue to tread water, with little sign of strong influence from Wall Street, which is expected to open moderately firmer. Home Retail Group is slightly off the pace after this morning's trading statement. The retailer said both Argos and Homebase enjoyed better than expected sales

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11 Jun 2009 08:20

London open: Shares drop slightly

London's blue chips are slightly lower in early dealings with commodity stocks among the main fallers following yesterday's stellar gains. Mining giants Lonmin, Rio Tinto, Eurasian Natural Resources and Xstrata are all down. Home Retail Group said both Argos and Homebase enjoyed better than expect

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11 Jun 2009 07:43

Elektron swings to pre-tax loss

Engineered products developer and manufacturer Elektron swung to a full-year pre-tax loss and said it will continue to face challenging times in the current financial year. Pre-tax losses came to £2.27m in the year ended 31 January compared with a profit of £1.95 last time. However, the group trad

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