Trading Update

RNS Number : 9347E
Filtronic PLC
12 May 2017
 

 

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

 

 

Panmure Gordon (UK) Limited

Tel. 020 7886 2500

Dominic Morley / Alina Vaskina (Corporate Finance)

Erik Anderson / Tom Salvesen (Corporate Broking)

 

 

 

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.

 

 


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