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Petards Group Expecting Progress In 2018 After Solid First Quarter
LONDON (Alliance News) - Security and surveillance systems company Petards Group PLC said Wednesday it has enjoyed a good first quarter, with revenue and new work wins ahead of expectations.
Petards said at its annual general meeting revenue was up almost 15% on the same period a year earlier.
Order intake was also strong, mainly as a result of GBP1.5 million of radio communications contracts with the Ministry of Defence, announced February. Excluding these, however, order intake was still higher than expected, Petards said.
Petards went into 2018 with an order book of more than GBP18.0 million, and order coverage for 2018 revenue was in excess of GBP12.0 million. At the end of March, the GBP18.0 million had been maintained and 2018 coverage had risen to GBP15.0 million.
Given this visibility, and talks over new projects, Petards said it is confident on 2018 improving on 2017.
Petards shares were up 3.8% on Wednesday at 26.98 pence each.
Latest PEG News
- UK Earnings, Trading Statements Calendar - Next 7 Days
3 Apr 2019 - Petards Interim Revenue Jumps Amid Acquisitions, Order Book Strength
20 Sep 2018 - Petards systems to be installed in new Turkey high-speed trains
12 Sep 2018 - Petards wins £2.7m contract with Bombardier
16 Aug 2018 - Petards Acquires Software Firm RTS Solutions For Up To GBP1.5 Million
14 May 2018 - Chelverton Growth Trust Behind Benchmarks In First Half
1 May 2018 - Petards Profit Grows Despite Revenue Deferral Following Delays
14 Mar 2018
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(Sharecast News) - Security and surveillance software developer Petards has been awarded another contract to supply Siemens Mobility with its 'eyeTrai...
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LONDON (Alliance News) - Chelverton Growth Trust PLC on Tuesday underperformed benchmark due to a decline in net asset value per share in the first ha...
Petards Group Expecting Progress In 2018 After Solid First Quarter
LONDON (Alliance News) - Security and surveillance systems company Petards Group PLC said Wednesday it has enjoyed a good first quarter, with revenue ...
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LONDON (Alliance News) - Security and surveillance systems provider Petards Group PLC on Wednesday reported growth in annual profit in 2017, though fi...
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