TETRA  |  2011-07-25

Mixed picture at Sepura

Source: The Critical Communications Review | Gert Jan Wolf editor

Paul Goodridge, Chief Financial Officer to leave the business

Sepura, a leading global provider of TETRA digital radios, has confirmed that trading remains in line with market expectations and reiterates guidance given at the recent preliminary results.

The trends apparent in the second half of the last financial year are continuing, with solid demand from emerging markets and commercial customers balanced by the continuing impact of the weak economies in Southern Europe, lower cyclical demand in the UK and ongoing delays in large scale terminal procurement in Germany due to slow infrastructure roll-out as well as some budget pressures.

Paul Goodridge, Chief Financial Officer, has informed the Board that he intends to leave the business to focus on developing a portfolio of non-executive positions. The Board has begun the process of identifying his successor, and he will remain with the company in order to assist in the handover of his responsibilities.

Source: www.stockmarketwire.com