Higher revenues and greater profitability for Sepura
A fresh surge in export business across a broad sweep of territories is driving higher revenues and greater profitability for Cambridge UK digital radio technology specialist, Sepura plc.
The company’s stature is growing globally as a leading provider of critical communications solutions through its TETRA radios. In a trading update for the year ended March 28, Sepura flags up revenues of around €116m – an increase of 11 per cent over the previous year. That’s well ahead of market expectations.
Adjusted operating profit and adjusted EPS are in line with market expectations, CEO Gordon Watling reports. The adjusted operating profit is likely to be 19 per cent ahead of the previous year. The company expects to report adjusted EPS of 8.4 cents per share.
Sepura has cash of €5.3m despite €5m in acquisition costs and heavy growth investment internationally. It says the increase in adjusted operating profit is in defiance of material foreign exchange headwinds in the first half and the incremental investments made by the company in its DMR portfolio and North American sales organisation.
The company plans to announce its preliminary results on June 10.
