For immediate release
Friday, 22 May 2009
Anite plc
Year End Trading Update
Anite plc ('Anite' or 'the Company'), the international software and Solutions Company, today announces a trading update for the year ended 30 April 2009.
Trading
Operating profit* for the year as a whole was satisfactory and in line with the Board's expectations.
Both Wireless and Travel reported operating profits* ahead of last year with the businesses benefiting from strong cost control and favourable currency movements. Divisional trends were in line with those reported at the time of the Company's Interim Management Statement in February 2009.
Industry news flow regarding 4G (LTE) technology continues to be positive, albeit in a recessionary environment, for the wireless industry as a whole. We anticipate growing demand for our new systems as the current financial year unfolds and as functionality improvements are achieved by Anite and its hardware partner, Agilent.
*continuing operating profit before disposed businesses, share based payments, amortisation of acquired intangible assets and restructuring costs
Board update
The Board is making good progress with the recruitment of a new Group Finance Director, and will make an announcement on an appointment as soon as possible.
The Board welcomed Nigel Clifford as a new non Executive Director on 1 April 2009.
Notice of results
The Company intends issuing its preliminary results for the year ended 30 April 2009 on Wednesday, 1 July 2009.
- Ends -
Anite plc |
www.anite.com |
Christopher Humphrey, Chief Executive |
01252 775200 |
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Smithfield |
020 7360 4900 |
Reg Hoare / Tania Wild / Will Henderson |
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