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Filtronic suffers some disruption in final quarter of its reporting year

Filtronic said there is considerable uncertainty in the markets in which it operates

Filtronic PLC -

Filtronic PLC (LON:FTC), the wireless telecoms specialist, said trading in the second half of the financial year just ended was broadly in line with market guidance.

There was some disruption in the final quarter of the financial year, which runs to the end of May, and the board, therefore, expects to report full-year revenue of around £17.2mln, up from £15.9mln the year before.

Operating profit is expected to clock in at around £400,000, which is around twice the level o the previous year while underlying earnings (EBITDA) are expected to be in the region of £1.2mln versus £700,000 the previous year.

Cash at the bank as at the end of May stood at £2.0mln, up from around £100,000 at the end of November 2019, while net cash was positive at around £700,0000 versus net debt at the end of November of £2.2mln.

Filtronic entered the current financial year with a good order book but given the current disruption caused by the coronavirus pandemic, it has elected not to issue any full-year guidance.

Shares in Filtronic were down 3.0% at 8p in early deals.


Quick facts: Filtronic PLC

Price: 8.5 GBX

Market: LSE
Market Cap: £18.18 m


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