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272.50    21.50 (8.57%)
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Spread: 5.00 (1.852%)
Market Cap: £247.54m
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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
30th Nov 20091:57 pmRNSTotal Voting Rights
9th Nov 20095:30 pmRNSTransaction in Own Shares
29th Oct 20099:07 amRNSProduct Launch
26th Oct 200911:21 amRNSHolding(s) in Company
22nd Oct 20092:48 pmRNSHolding(s) in Company
15th Oct 20097:00 amRNSProduct Launch
28th Sep 20093:39 pmRNSHolding(s) in Company
28th Sep 20091:14 pmRNSHolding(s) in Company
3rd Sep 20097:00 amRNSHalf Yearly Report
2nd Sep 20097:00 amRNSProduct Launch
1st Sep 200912:02 pmRNSTotal Voting Rights
28th Aug 20092:39 pmRNSHolding(s) in Company
28th Aug 20092:38 pmPRNNotice of Results
19th Aug 20098:48 amPRNProduct Launch
23rd Jul 20099:59 amPRNProduct Launch
1st Jul 20092:44 pmRNSTreasury Shares
30th Jun 20095:04 pmRNSTotal Voting Rights
30th Jun 20093:15 pmRNSDirector/PDMR Shareholding
22nd Jun 20093:27 pmRNSTransaction in Own Shares
4th Jun 20094:11 pmRNSHolding(s) in Company
2nd Jun 20093:06 pmRNSHolding(s) in Company
20th May 20094:35 pmRNSDistribution of Annual Report & Accounts
20th May 20093:09 pmRNSHolding(s) in Company (Replacement)
20th May 20092:44 pmRNSHolding(s) in Company
18th May 20094:10 pmRNSHolding(s) in Company
5th May 20094:11 pmRNSHolding(s) in Company
27th Apr 20097:00 amPRNFinal Results
20th Apr 20092:13 pmRNSNotice of Results
16th Apr 20094:57 pmRNSHolding(s) in Company
2nd Apr 20097:00 amPRNProduct Launch
9th Mar 20092:32 pmRNSTotal Voting Rights
4th Feb 20097:00 amRNSTransaction in Own Shares
6th Jan 200912:12 pmPRNTrading Statement
5th Dec 20084:02 pmPRNProduct Launch
4th Dec 20084:00 pmPRNDirector/PDMR Shareholding
28th Nov 200810:51 amRNSTotal Voting Rights
21st Nov 20088:00 amRNSTransaction in Own Shares
10th Nov 200810:26 amPRNProduct Launch
7th Nov 20082:46 pmRNSTransaction in Own Shares
4th Nov 20088:00 amRNSTransaction in Own Shares
31st Oct 200812:05 pmRNSTotal Voting Rights
24th Oct 20087:00 amRNSTreasury Shares
22nd Oct 20087:00 amRNSTreasury Shares
21st Oct 20083:14 pmRNSDirector/PDMR Shareholding
21st Oct 200812:27 pmRNSDirector/PDMR Shareholding
17th Oct 20081:43 pmRNSTreasury Shares
10th Oct 20081:16 pmRNSTransaction in Own Shares
2nd Oct 20083:50 pmPRNDistribution of Half-yearly Report
30th Sep 20083:58 pmRNSTotal Voting Rights
26th Sep 20084:06 pmPRNProduct Launch

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