Trading Update and Notice of Results

RNS Number : 8309M

Anite PLC

12 May 2015

 



12 May 2015

Anite plc

Trading Update

Notice of Results

Anite plc ("Anite" or "the Group"), the leading provider of software and hardware solutions to the international wireless market, today announces a trading update for its financial year ended 30 April 2015.  Anite intends to issue its final results on 1 July 2015.

Trading update

Trading in the final quarter of the year was in line with expectations and reflected the trends previously reported.  As a result, the Group expects to report full year revenue and adjusted¹ operating profit¹ in line with the Board's expectations. 

Both Anite businesses performed well in the final quarter and for the year as a whole.  In Device & Infrastructure Testing (previously called Handset Testing), good progress was made with Interoperability Testing and Propsim Channel Emulators.  Network Testing saw a strong initial contribution from the Xceed Data Analytics business, acquired in October 2014.  It also saw growth from the recently launched Invex II benchmarking platform which helped offset some minor adverse currency effects. 

Group net cash at 30 April 2015 stood at £36.9m (31 October 2014: £29.8m), slightly better than expected.  

Commenting, Christopher Humphrey, Chief Executive, said:

"We saw continued momentum in the second half resulting in a good full year result.  The business performed well notwithstanding a typically mixed market backdrop. 

"We enter the new financial year with growth opportunities for both of our businesses.  These are supported by recent product investments and acquisitions, encouraging activity levels and growing sales pipelines."

1 - Adjusted operating profit is defined as operating profit before share based payments, amortisation of acquired intangible assets and restructuring costs.

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Anite plc                                                                          www.anite.com / @AniteNews

Christopher Humphrey, Chief Executive                                   01252 775200

Richard Amos, Group Finance Director

MHP Communications                                                      020 3128 8100

Reg Hoare / Giles Robinson / Jack Holden  

 

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