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. [phone]
Rob Smith (CEO)	Tel. [phone]
Michael Tyerman (Finance Director)	Tel. [phone]
Panmure Gordon (UK) Limited	Tel. [phone]
Dominic Morley / Alina Vaskina (Corporate Finance) Erik Anderson / Tom Salvesen (Corporate Broking)
Walbrook PR Limited	Tel. [phone] or [e-mail]
Paul Cornelius Helen Cresswell	Mob. [phone] Mob. [phone]

Notes: 

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

 

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