Sepura on track to meet FY expectations
Sepura, a global provider of mission-critical communications systems, said positive momentum in both H1 and H2 meant it was on track to meet expectations for the full year.
"Adjusted operating profit on a constant currency basis for the first nine months of the financial year was materially ahead of the same period last year, reversing the adverse variance reported for the first half of the year," the company said.
Sepura 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 company noted that trading remained seasonally weighted to H2 and that it 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," Sepura said.
The Company expects to issue its Preliminary Results Announcement for the period ended 28 March 2014 on 10 June 2014.
