Trading Update

RNS Number : 0364F

Filtronic PLC

11 June 2012

 



11 June 2012

Filtronic plc

('Filtronic' or the 'Company')

Trading update

Following the end of its financial year to 31 May 2012, Filtronic plc (LSE: FTC), the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market, issues the following trading statement, updating the guidance given in the Interim Management Statement of 19 April 2012.

During the final two months of the trading period, the Broadband business performed better than April's upgraded expectations in both sales and profits, helped in part by end-of-programme purchases by a major customer and favourable currency movements.  The Wireless business also finished the year strongly with sales on several programmes for the US market gathering momentum.

Accordingly, sales for each of the Broadband and Wireless businesses are expected to reach £13m for the year ended 31 May 2012.  Both business segments were also profitable for the full year, enabling the Group to move into profitability (before intangible amortisation) for the year as a whole.

Broadband continues to have encouraging order coverage into the first half, whilst Wireless enjoys better forward visibility than is customary for its filter products, which are normally subject to short notice order call-off.

Filtronic's preliminary results for the year to 31 May 2012 will be announced on Monday 23 July 2012.

Enquiries:

Filtronic plc	01325 301 111
Hemant Mardia, CEO
Mike Brennan, CFO
Panmure Gordon (UK) Limited	020 7459 3600
Dominic Morley
Hannah Woodley
Walbrook PR Limited	020 7933 8780
Fiona Henson	Mob: [phone] or [e-mail]
Paul Cornelius	Mob: [phone]or [e-mail]

 

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