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297.50 -73.00 (-20.28%)

Bid:

295.00

Ask:

300.00

Spread: 5.00 (1.695%)

Market Cap: £631.24m

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Filtronic expects to report 'strong set of results' for H1

Mon, 16th Dec 2024 10:00

(Sharecast News) - Radiofrequency components manufacturer Filtronic said on Monday that it expects to report "a strong set of results" for the six months ended 30 November, with significant growth in both revenue and profits.

Filtronic said customer demand had remained "robust", with the second half benefitting from the pull-forward of customer orders.

Consequently, the AIM-listed group now expects to deliver "stronger results" for the full year than current market expectations.

Chief executive Nat Edington said: "We are delighted with the continued momentum that we have achieved and look forward to focussing on delivering these increased expectations over the remainder of the year."

As of 1000 GMT, Filtronic shares were up 7.64% at 77.50p.

Reporting by Iain Gilbert at Sharecast.com