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  31 January 2012
FILTRONIC PLC HALF-YEARLY FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 NOVENBER 2011

Download full Half-Yearly Report in PDF format

Filtronic plc, the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market, announces its interim results for the six months ended 30 November 2011 (“H1 2012”).

Financial Summary

  • Revenue from continuing operations £10.5m* (H2 2011: £8.2m)
  • Operating loss before amortisation and exceptional items of £1.2m (H2 2011: £4.4m loss)
  • Cash of £3.9m (31 May 2011: £4.1m)
  • Net cash outflow from operating activities reduced to £0.6m (H2 2011: £2.5m outflow)

*Comparatives are versus H2 2011 as H1 2011 includes only 2 weeks of post acquisition Filtronic Wireless business

Highlights

  • Filtronic Wireless (“Wireless”, formerly Isotek) sales grow 66% on H2 2011
  • Wireless target margin improvements delivered
  • Broadband sales maintained and cost reductions realised
  • Broadening of customer base as end-customers begin 4G/LTE network rollouts

Commenting on the Outlook, Howard Ford, Chairman said:

“Filtronic Wireless continues to broaden its range of programmes following successful trials and initial production deliveries, especially to the US market.” “Though the precise year end outcome remains sensitive to the timing of network upgrade & roll-out plans for certain US customers, further progress is anticipated for the Wireless business in the second half. “

“Broadband moves into the second half with extended order coverage for its point-to-point, aerospace and E Band radio products, which should enable this product segment to maintain its revenues even in the face of the ongoing decline in legacy business with Ceragon.

“The Board remains committed to exploiting new opportunities for broadband technology and driving for new programme wins with innovative base station filters and combiners.”

Enquiries:

Filtronic plc
Howard Ford, Chairman Tel: 01325 306000
Hemant Mardia, CEO Tel: 01325 306000
Mike Brennan, CFO Tel: 01325 306025
Panmure Gordon (UK) Limited
Dominic Morley Tel: 020 7614 8388
Walbrook PR Ltd Tel: 020 7933 8787
Paul McManus Mob: 07980541893
paul.mcmanus@walbrookpr.com
Fiona Henson Mob: 07886 335 992
fiona.henson@walbrookpr.com




 

31 January 2012
FILTRONIC PLC HALF-YEARLY FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 NOVENBER 2011

15 November 2011
NOTIFICATION OF MAJOR INTEREST IN SHARES

14 November 2011
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

9 November 2011
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1 November 2011
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

27 October 2011
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17 October 2011
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17 October 2011
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12 October 2011
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27 September 2011
Interim Management Statement

27 September 2011
AGM Proxy Voting Results

16 August 2011
Posting of Annual Report & Notice of AGM

15 August 2011
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26 November 2010
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Interim Management Statement

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Appointment of Chief Financial Officer

12 August 2009
Notification of Major Interest in Shares - Aberforth Partners LLP

12 August 2009
Notification of Major Interests in Shares - JPMorgan Chase & Co

10 August 2009
Notification of major interests in shares - HSBC Global Custody Nominees Ltd

5 August 2009
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3 August 2009
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30 July 2009
Notifications of Major Interests in Shares - North Atlantic Smaller Companies Investment Trust PLC

30 July 2009
Interests of Directors and PDMRs - Awards under Performance Share Plan

28 July 2009
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28 July 2009
Notification of Major Interest in Shares - Aberforth Partners LLP

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Notifications of Major Interests in Shares - Gartmore Investment Limited

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6 May 2009
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3 June 2008
Notification of Major Interest in Shares - Capital Group International, Inc.

3 June 2008
Notification of Major Interest in Shares - Capital Group International, Inc.

3 June 2008
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3 June 2008
Notification of Major Interest in Shares - North Atlantic Value LLP

3 June 2008
Notification of Major Interest in Shares - HSBC Holdings plc

27 May 2008
Notification of Major Interest in Shares - HSBC Holdings plc

20 May 2008
Notification of Major Interest in Shares - HSBC Holdings plc

14 May 2008
Notification of Major Interest in Shares - HSBC Holdings plc

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15 April 2008
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Interim Management Statement

1 April 2008
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22 January 2008
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21 January 2008
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19 January 2008
FILTRONIC PLC HALF-YEARLY FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 NOVEMBER 2008

19 January 2008
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1 January 2008
Notification of Major Interest in Shares - Capital Group International, Inc.

21 December 2007
Notification of Major Interest in Shares

20 December 2007
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7 December 2007
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7 December 2007
Notification of Major Interest in Shares

30 November 2007
Notification of Major Interests in Shares

30 November 2007
Announcement of negotiations for the sale of Filtronic Compound Semiconductors Ltd

28 November 2007
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Notification of Major Interests in Shares

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disposal

18 October 2007
Board Change

15 October 2007
Disposal Announcement

21 September 2007
Proxy Voting Results

21 September 2007
Interim Management Statement

12 July 2006
General

 

 

 
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Registered office : Filtronic plc, Unit 2 Acorn Park, Charlestown, Shipley, West Yorkshire BD17 7SW
Registered in England and Wales. Company No: 2891064.