Sepura sees FY results ahead of expectations
Revenues are estimated up 25 percent to EUR 103-105 million, helped by the acquisition of 3T and growth in the Atex radio market and Germany.
Tetra radios specialist Sepura said it expects to report revenues and profits for the year to end-March ahead of market expectations. Revenues are estimated up 25 percent to EUR 103-105 million, helped by the acquisition of 3T and growth in the Atex radio market and Germany.
The increased revenue, combined with tight control of operating expenses, is expected to result in adjusted operating profits ahead of market expectations. The company expects to report a strong year of cash generation with operating cash conversion of over 100 percent. This has enabled the early repayment of all borrowing for the acquisition of 3T.
After capital expenditure, payment of dividends and the share buy-back, the company expects to report net cash at year-end of EUR 6.6 million. Sepura said it expects further growth in the year ahead.
Sepura share price over the past month
Source: Telecompaper
