Filtronic Regulatory News (FTC)

15 Apr 2009 07:00



Filtronic plc

Interim Management Statement

Filtronic issues its Interim Management Statement for the period from 1 December 2008.

Trading in the second half has been as anticipated in the half yearly financial report, with the cost reduction actions taken enabling a performance around breakeven on a broadly cash neutral basis despite the reduced demand levels from customers. 

Filtronic has signed a long term strategic supply agreement to provide manufacturing services for a leading company in the airborne electronics sector. Filtronic will manufacture microwave modules which are key elements of the company's current generation of electronically scanned radars. Filtronic's specialist manufacturing processes and facilities were a key discriminator in the selection process. It is anticipated that the agreement should lead to multi-million pound annual revenues resulting from the supply of modules into several of the customer's major programmes when these programmes enter volume production.

There have been no other significant changes in the position of the Company over the period since the publication of its half yearly financial report for the six months ended 30 November 2008.

Preliminary results for the financial year ending 31 May 2009 will be announced in July 2009.

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