FTC Filtronic Plc

TIDMFTC

RNS Number : 9347E

Filtronic PLC

12 May 2017

Filtronic plc (the "Group")

Trading Update

Filtronic plc (AIM: FTC), the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market and adjacent markets, is pleased to provide the following trading update.

Trading during the fourth quarter of the current financial year ("FY2017") in the Filtronic Wireless business has been ahead of previous management expectations and despite some marginal, short-term weakness in trading in Filtronic Broadband, the board now expects total Group revenue of approximately GBP35million in the year ending 31 May 2017, with a commensurate increase to operating profit, both of which are ahead of market expectations.

A more detailed update on FY2017 trading will be provided following the end of the Company's financial year.

Enquiries:

 
 Filtronic plc                    Tel. 0113 220 0000 
 Rob Smith (CEO)                  Tel. 07810 774 688 
 Michael Tyerman (Finance         Tel. 07956 029502 
  Director) 
 
 Panmure Gordon (UK) Limited      Tel. 020 7886 2500 
 Dominic Morley / Alina Vaskina 
  (Corporate Finance) 
  Erik Anderson / Tom Salvesen 
  (Corporate Broking) 
 
 Walbrook PR Limited              Tel. 020 7933 8780 or 
                                   filtronic@walbrookpr.com 
 Paul Cornelius                   Mob. 07866 394 707 
  Helen Cresswell                  Mob. 07841 917 679 
 

Notes:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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