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Filtronic PLC (FTC)

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Monday 02 July, 2018

Filtronic PLC

Trading Update and Notice of Results

RNS Number : 1507T
Filtronic PLC
02 July 2018
 

Filtronic

(the "Group" or the "Company")

 

Trading Update and Notice of Results

 

Filtronic plc (AIM: FTC), the designer and manufacturer of antennas, filters and mmWave products for the wireless telecoms and critical communications markets, is pleased to provide the following trading update for the 12 month period to 31 May 2018 ("FY2018").

 

Trading during the second half of the year was broadly in line with market guidance. The Board therefore expects, subject to audit, to report Group revenue of approximately £24.0m (2017: £35.4m), operating profit of approximately £1.8m (2017: £1.7m) and EBITA of approximately £1.9m (2017: £1.8m). The Group had net cash of £3.4m at 31 May 2018 (2017: net cash £2.6m).

 

The results for the financial year ended 31 May 2018 will be announced on 16 August 2018 and the Company's AGM will be held at the offices of Pinsent Masons, 1 Park Row, Leeds LS1 5AB Leeds on 25 October 2018.

 

Enquiries:

Filtronic plc

Tel. 0113 220 0000

Rob Smith (CEO)

Tel. 07810 774 688

Michael Tyerman (Finance Director)

Tel. 07956 029 502



Panmure Gordon (UK) Limited

Tel. 020 7886 2500

Dominic Morley / Alina Vaskina (Corporate Finance)

Erik Anderson (Corporate Broking)




Walbrook PR Limited

Tel. 020 7933 8780 or [email protected]

Paul Cornelius

Sam Allen

Mob. 07866 394 707

Mob. 07884 664 686

 

 

Notes: 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

 

 


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