Change To Operating Segments

RNS Number : 0857Q

Spirent Communications PLC

25 February 2016

 

SPIRENT COMMUNICATIONS PLC

CHANGE TO OPERATING SEGMENTS

London, UK - 25 February 2016: As set out in our Full Year 2015 results announcement released earlier today Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), a leading communications technology company, announces a change to its operating segments with effect from 1 January 2016.

The following changes have been made to Spirent's operating segments:

·     The Service Experience line of business will be combined with the core Service Assurance business and reclassified from Wireless & Service Experience to Service Assurance.  Following this change the operating segments will be named as follows:

o  The Wireless & Service Experience operating segment with be named Wireless & Positioning.

o  The enlarged Service Assurance operating segment will continue to be named Service Assurance.

·     The Testing Technologies line of business, acquired in February 2014, will be combined with the Networks & Applications business and reclassified from Wireless & Service Experience to Networks & Applications.

Following this change restated operating segment information for years 2012 to 2015 is reproduced below.  2012 is the first year affected by this change.

Restated comparative operating segment information

$ million	FY 2015	FY 2014	FY 2013	FY 2012
Revenue
Networks & Applications	244.0	223.8	213.4	259.5
Wireless & Positioning	137.2	150.1	141.9	168.1
Service Assurance	95.9	83.3	58.2	44.8
	477.1	457.2	413.5	472.4
Operating profit/(loss) before exceptional items
Networks & Applications	18.9	8.1	13.2	59.7
Wireless & Positioning	14.9	23.2	28.9	56.2
Service Assurance	14.1	21.0	13.9	8.9
Corporate	(5.8)	(6.3)	(5.9)	(6.5)
	42.1	46.0	50.1	118.3

An Excel spreadsheet showing the restated comparative operating segment information by half year is available to view and download at http://corporate.spirent.com/.

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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]

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/marketplaces/otc-pink.

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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