Record revenues for Sepura
The TETRA radio supplier has posted record interim revenues for the six months to September 26 and CEO Gordon Watling expects a similar surge in the second half.
The company, which reports in Euros, said interim revenues were 18 per cent ahead to €54.5 million (£43.5m) with adjusted operating profit up 350 per cent to €2.7m (£2.15m) despite foreign exchange buffeting. Sepura nudged up the interim dividend by 17 per cent.
Watling said: “The record interim revenues the company reflect growing demand across all of our regions and market verticals. Our core business has performed strongly and our strategy of targeting high growth opportunities is beginning to yield results. “I am confident that we will continue this momentum into the second half and meet market expectations for the year.”
With its HQ in Cambridge and now with over 400 staff, Sepura has expanded rapidly across the world and is now a market leader in over 30 countries. It has customers in 68 countries.
Gordon Watling said Sepura has been transformed from a TETRA terminals business into a geographically diverse critical communications solutions provider with an estimated addressable market of €2.5 billion.
The total number of TETRA terminals shipped in the first half increased by 13 per cent to a record level of 89,200. Watling said Sepura had increased R & D spend by five per cent to ensure the business continued to innovate and strengthened its management team to prepare for a fresh spurt of global growth.
