12 May 2017 07:00
Filtronic plc (the "Group")
Trading Update
Filtronic plc (AIM: FTC), the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market and adjacent markets, is pleased to provide the following trading update.
Trading during the fourth quarter of the current financial year ("FY2017") in the Filtronic Wireless business has been ahead of previous management expectations and despite some marginal, short-term weakness in trading in Filtronic Broadband, the board now expects total Group revenue of approximately £35million in the year ending 31 May 2017, with a commensurate increase to operating profit, both of which are ahead of market expectations.
A more detailed update on FY2017 trading will be provided following the end of the Company's financial year.
Enquiries:
Filtronic plc | Tel. 0113 220 0000 |
Rob Smith (CEO) | Tel. 07810 774 688 |
Michael Tyerman (Finance Director) | Tel. 07956 029502 |
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Panmure Gordon (UK) Limited | Tel. 020 7886 2500 |
Dominic Morley / Alina Vaskina (Corporate Finance) Erik Anderson / Tom Salvesen (Corporate Broking) |
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Walbrook PR Limited | Tel. 020 7933 8780 or filtronic@walbrookpr.com |
Paul Cornelius Helen Cresswell | Mob. 07866 394 707 Mob. 07841 917 679 |
Notes:
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Filtronic (FTC)