Sepura sees growth due to investment in new technology and territorial expansion
An interim management statement issued by CEO Gordon Watling and the board showed adjusted operating profit “materially ahead” for the first nine months of the financial year.
Investment in new technology and territorial expansion has given Cambridge UK digital radio specialist Sepura a firm platform for global growth.
An interim management statement issued by CEO Gordon Watling and the board showed adjusted operating profit “materially ahead” for the first nine months of the financial year.
Even allowing for increased R & D spend this will enable the titans of TETRA to hit full year targets, Watling believes.
Sepura says the positive momentum reported in the interim results had continued into the second half.
The group has continued to diversify its sources of revenue and secured business from a wide range of customers and geographies, including the Philippines, Australia, Brazil, Iraq, Germany, Norway and the Netherlands.
Key project implementation milestones have been achieved on infrastructure contracts secured during the first half of the year and new contract awards included transportation customers in both Sweden and Malaysia.
The business said trading remained seasonally weighted to the second half of the year and the group was seeing continued robust demand in the current quarter.
“This gives the group confidence that it is on track to meet expectations for the full year even taking into account the investment made in the initial launch phase of the DMR product range which commenced in November,” a statement to London Stock Exchange read.
Sepura expects to issue its preliminary results for the period ended March 28 on June 10
