Sepura profits to beat market forecasts
CEO Gordon Watling: “Sepura has had a positive end to the financial year. Alongside a period of healthy sales, the successful launch of the STP8X represents a major milestone as Sepura expands into adjacent markets.
Sepura plc, the Cambridge-based digital radio specialist, expects profits for the year to end-March to be well ahead of recent Euro-dominated market expectations.
Sepura is a global leader in the design, development and supply of TETRA digital radios and recently won the International Trade category in the Business Weekly Awards.
The company was also buoyed by receiving ATEX certification for its STP8X radio in March and the first 1,350 STP8X radios have already been shipped.
Sepura said it was reaping the benefits of cost reduction initiatives undertaken earlier in the year - in the form of improved margins. “This, combined with strengthened gross margins from product and customer mix, has yielded a considerable improvement in operating margin compared to the prior year,” the company said in a trading update.
The company is upbeat about future prospects. It said that despite the continuing macro-economic uncertainties, a combination of business model improvements, the positive results of actions taken in FY12 and continued investment in product innovation, mean that the company is comfortable with the recent Euro denominated market expectations for FY13.
CEO Gordon Watling said: “Sepura has had a positive end to the financial year. Alongside a period of healthy sales, the successful launch of the STP8X represents a major milestone as Sepura expands into adjacent markets.
“The restructuring programme undertaken earlier in the year has delivered significant cost savings, which, combined with the contribution from our new ATEX products, gives us confidence in our future targets.”
The company expects to announce its audited results for the last year, which as previously announced will be presented in Euros, on June 13.
Source: www.businessweekly.co.uk
