Year End 2014 Update

RNS Number : 5765B

Spirent Communications PLC

08 January 2015

 



SPIRENT COMMUNICATIONS PLC

YEAR END 2014 UPDATE

London, UK - 8 January 2015: Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), a leading communications technology company, announces the following trading update for the year ended 31 December 2014.

Year End 2014 Trading Update

Order intake in the fourth quarter exceeded the Board's expectation at approximately $147.0 million, (Q4 2013: $124.2 million). All business segments reported growth over the same period last year. Revenue at approximately $124.0 million, (Q4 2013: $115.4 million), was towards the upper end of the expected range of $120.0 million to $125.0 million.  

For the full year 2014 revenue will be approximately $455.0 million, a growth of 10 per cent including acquisitions made in the year (FY 2013 $413.5 million).

Further details will be provided at the time of the Preliminary Results announcement, which will be issued on 26 February 2015.

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Enquiries

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

Eric Hutchinson, Chief Executive Officer and Rachel Whiting, Chief Financial Officer, will host a conference call for analysts and investors to discuss this Trading Update, commencing at 9.00am GMT on Thursday 8^th January. Dial in details as follows:

Conference ID: 62067737

UK FreeCall: 08000731340

US FreeCall: 18664341089

Standard International: [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 www.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 www.pinksheets.com.

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 events or otherwise.

 

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