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263.50    3.50 (1.35%)
Bid:
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Spread: 3.00 (1.145%)
Market Cap: £239.37m
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Trading Update

1 Jul 2016 07:00

RNS Number : 8184C
Concurrent Technologies PLC
01 July 2016
 

01 July 2016

Concurrent Technologies Plc

(the "Company")

Trading Update

Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer products for critical applications in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, announces a trading update.

As a consequence of the recent changes in currency rates and the sharp decline in the value of sterling against the US dollar, the Company has conducted an additional review of its financial risk and trading plans. The majority of the Company's world-wide transactions are conducted in sterling and in US dollars. The value of transactions conducted by the Company in other currencies, including the Euro, is very low, and therefore these transactions have not been considered in this review. The Board is pleased to confirm that the Company's exposure to exchange risk is still mitigated to a large extent by the ability to offset receipts from sales against payments for purchases in the same currency (natural hedging) and confirms that it is still of the view that the outlook for this year as a whole remains good.

Enquiries:

Concurrent Technologies PlcGlen Fawcett, CEO

 

+44 (0)1206 752 626

Newgate (Financial PR)Bob Huxford

Robyn McConnachie

+44 (0)207 653 9850

Cenkos Securities plc (NOMAD)Neil McDonald

Nick Tulloch/Beth McKiernan

+44 (0)131 220 9771

+44 (0)131 220 9772/8

 

Note to Editors:

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded computer products for use in a wide range of high performance applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets. Using mainly Intel® processors, including the latest generation Intel® Core™ i7 processors, Intel® Xeon® and Intel® Atom™ processors, the Company offers a wide range of computer products which are designed to be compliant with industry specifications including those for products used in extremely harsh environments. Other processors now include NVIDIA® Tegra® K1 devices.

 

For more information on Concurrent Technologies Plc and its products please visit www.cct.co.uk.

All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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TSTFMMMTMBAJBFF
Date   Source Headline
21st Sep 200710:22 amRNSTransaction in Own Shares
20th Sep 20074:36 pmRNSDirector/PDMR Shareholding
19th Sep 20075:27 pmRNSDirector/PDMR Shareholding
19th Sep 20077:00 amPRNInterim Results
18th Sep 20072:56 pmPRNProduct Launch
11th Sep 200712:38 pmPRNNotice of Interim Results
6th Sep 200710:33 amPRNProduct Launch
28th Aug 20073:35 pmPRNProduct Launch
17th Aug 20073:22 pmRNSAIM Rule 26
8th Aug 20074:45 pmRNSHolding(s) in Company
31st Jul 20079:08 amRNSTotal Voting Rights
20th Jul 200710:55 amPRNProduct Launch
6th Jul 20074:17 pmRNSTransaction in Own Shares
27th Jun 20074:06 pmRNSDirector/PDMR Shareholding
19th Jun 20079:06 amRNSDirector/PDMR Shareholding
1st Jun 20073:53 pmPRNProduct Launch
23rd May 200711:10 amRNSHolding(s) in Company
15th May 20075:43 pmRNSHolding(s) in Company
18th Apr 200711:17 amPRNProduct Launch
23rd Mar 20075:05 pmRNSHolding(s) in Company
22nd Mar 20074:25 pmRNSHolding(s) in Company
22nd Mar 20074:19 pmRNSHolding(s) in Company
22nd Mar 20077:00 amPRNStatement re Vendor Rating Award
20th Mar 20075:45 pmRNSHolding(s) in Company
19th Mar 20077:00 amPRNFinal Results
13th Mar 20072:28 pmPRNProduct Launch
9th Mar 20074:39 pmRNSHolding(s) in Company
6th Mar 200710:51 amPRNNotice of Results
23rd Feb 20073:32 pmRNSHolding(s) in Company
15th Feb 20074:52 pmPRNProduct Launch
6th Feb 20073:13 pmRNSChange of Registered Office
30th Jan 200710:57 amPRNProduct Launch
26th Jan 20079:11 amPRNProduct Launch
22nd Dec 200611:55 amRNSAdditional Listing
21st Dec 20064:44 pmRNSTotal Voting Rights
18th Dec 20069:59 amPRNTrading Statement
11th Dec 20067:00 amPRNProduct Launch
5th Dec 20062:22 pmRNSTransaction in Own Shares
27th Nov 20063:14 pmRNSTransaction in Own Shares
23rd Nov 200611:57 amRNSTransaction in Own Shares
21st Nov 20064:55 pmRNSTransaction in Own Shares
14th Nov 20063:56 pmRNSTransaction in Own Shares
13th Oct 20063:45 pmRNSHolding(s) in Company
27th Sep 20065:06 pmRNSTransaction in Own Shares
18th Sep 20064:11 pmRNSDirector/PDMR Shareholding
13th Sep 200611:34 amPRNDirector/PDMR Shareholding
12th Sep 20067:00 amPRNInterim Results
8th Sep 20067:00 amPRNStaff appointment
21st Jul 20067:00 amPRNProduct Launch
28th Jun 200611:04 amRNSDirector/PDMR Shareholding

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