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Interim Management Statement

3 Feb 2014 07:00

RNS Number : 0586Z
Sepura PLC
03 February 2014
 



 

SEPURA PLC

("the Company" or "the Group")

INTERIM MANAGEMENT STATEMENT

Sepura plc, a leading global provider of mission-critical communications systems, today issues the following Interim Management Statement. This statement, required by the UK Listing Authority's Disclosure and Transparency Rules, refers to the Group's trading results for the period from 28 September 2013 to 31 January 2014.

Trading update

The positive momentum reported in the Interim Results has continued into the second half of the current financial year. Adjusted operating profit on a constant currency basis for the first nine months of the financial year was materially ahead of the same period last year, reversing the adverse variance reported for the first half of the year. As a result of this momentum the Group remains on track to meet expectations for the full year.

The Group has continued to diversify its sources of revenue, and secured business from a wide range of customers and geographies, including the Philippines, Australia, Brazil, Iraq, Germany, Norway, and the Netherlands.

Key project implementation milestones have been achieved on infrastructure contracts secured during the first half of the year and new contract awards included transportation customers in both Sweden and Malaysia.

Outlook

Trading remains seasonally weighted to the second half of the year and the Group is seeing continued robust demand in the current quarter. This gives the Group confidence that it is on track to meet expectations for the full year even taking into account the investment made in the initial launch phase of the DMR product range which commenced in November.

The Company expects to issue its Preliminary Results Announcement for the period ended 28 March 2014 on 10 June 2014.

 

Ends

 

Further information:

 

Sepura

Gordon Watling, Chief Executive Officer

Steve Chamberlain, Chief Financial Officer

Peter Connor, Investor Relations

 

+44 12 2387 6000

Bell Pottinger

Olly Scott

Charlie Goodwin

+44 20 7861 3232

  

Cautionary Statement:

This Interim Management Statement contains certain forward-looking statements with respect to the operations, performance and financial condition of Sepura. By their nature, future events and circumstances can cause results and developments to differ from those anticipated. Nothing in this Interim Management Statement should be construed as a profit forecast. No undertaking is given to update the forward-looking statements whether as a result of new information, future events or otherwise.

 

Notes to Editors:

Sepura is a global leader in the design, manufacture and supply of TETRA (TErrestrial Trunked RAdio) digital radios, infrastructure and applications. We provide specialist solutions for the public safety, transportation, oil and gas, mining, utilities, industrial and other commercial sectors.

The Group offers one of the broadest ranges of TETRA products available and is often first to deliver innovative products and features to its markets. The recent acquisitions of specialist TETRA infrastructure systems supplier, 3T - now rebranded Sepura Systems - and application developer Portalify have enhanced Sepura's capability to deliver powerful and easy-to-deploy systems.

Headquartered in Cambridge, England and employing over 300 staff, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007.

 

www.sepura.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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