Half Year 2015 Update

RNS Number : 5189S

Spirent Communications PLC

09 July 2015

 

SPIRENT COMMUNICATIONS PLC

HALF YEAR 2015 UPDATE

London, UK - 9 July 2015: Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), a leading communications technology company, announces the following trading update for the half year ended 30 June 2015.

Half Year 2015 Trading Update

Order intake in the second quarter was up 10 per cent over the same period last year at approximately $127.0 million, exceeding the Board's expectations (Q2 2014: $115.3 million). Revenue growth of 12 per cent over the same period in 2014 to around $122.0 million (Q2 2014: $109.1 million), was slightly below our expectations, being impacted by orders received too late in the quarter to be converted into revenue. All business segments reported growth in revenue over the same period last year.

For the first half year 2015 order intake was around $226.0 million and revenue was about $218.0 million (H1 2014 $217.1 million and $221.0 million respectively).

Further details will be provided at the time of the Interim Results announcement, which will be issued on 6 August 2015.

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Enquiries

Eric Hutchinson, Chief Executive Officer Rachel Whiting, Chief Financial Officer		Spirent Communications plc		[phone]
James Melville Ross/Emma Appleton		FTI Consulting		[phone]

About Spirent Communications plc

Spirent Communications plc is a global leader in test and measurement inspiring innovation within development labs, communication networks and IT organisations.  We enable today's communication ecosystem as well as tomorrow's emerging enterprises to deploy life enriching communications networks, devices, services and applications.  Further information about Spirent Communications plc can be found at http://corporate.spirent.com/.

Spirent Communications plc Ordinary Shares are traded on the London Stock Exchange (ticker: SPT).  The Company operates a Level 1 American Depositary Receipt ("ADR") programme with each ADR representing four Spirent Communications plc Ordinary Shares.  The ADRs trade in the US over-the-counter ("OTC") market under the symbol SPMYY and the CUSIP number is 84856M209.  Spirent ADRs are quoted on the Pink OTC Markets electronic quotation service which can be found at http://www.otcmarkets.com/otc-pink/home.

Spirent and the Spirent logo are trademarks or registered trademarks of Spirent Communications plc.  All other trademarks or registered trademarks mentioned herein are held by their respective companies.  All rights reserved.

Cautionary statement regarding forward-looking statements

This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events.  You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words.  By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future.  You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements.  The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.

 

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