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Filtronic’s trading update confirms that the outlook for FY25 and FY26 is ahead of current market expectations as the company is able to make use of recently added manufacturing capacity to meet higher customer demand. We upgrade our revenue forecasts for FY25 and FY26, with an increase in adjusted EBITDA of 14.1% for FY25. Reflecting the run rate effect of investments made in H225, we maintain our FY26 EBITDA forecast.
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Filtronic (FTC)
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