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31 January 2012
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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 |
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| Howard Ford, Chairman |
Tel: 01325 306000 |
| Hemant Mardia, CEO |
Tel: 01325 306000 |
| Mike Brennan, CFO |
Tel: 01325 306025 |
| Panmure Gordon (UK) Limited |
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| Dominic Morley |
Tel: 020 7614 8388 |
| Walbrook PR Ltd |
Tel: 020 7933 8787 |
| Paul McManus |
Mob: 07980541893 |
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paul.mcmanus@walbrookpr.com |
| Fiona Henson |
Mob: 07886 335 992 |
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fiona.henson@walbrookpr.com |
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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 NOTIFICATION OF MAJOR INTEREST IN SHARES 1 November 2011 Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
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Responsibility and Connected Persons 5 August 2010 NOTIFICATION OF MAJOR INTEREST IN SHARES
4 August 2010 Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons
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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 Notification of Major Interests in Shares 26 November 2007 Notification of Major Interests in Shares 26 November 2007 Notification of Major Interests in Shares 2 November 2007 Disposal 18 October 2007 Board Change 15 October 2007 Disposal Announcement 21 September 2007 Interim Management Statement
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