6th May 2025 11:07
Filtronic PLC - Durham, England-based maker of products for aerospace, defence, space and telecommunications industries - Announces that its outlook for financial 2025 and 2026 is expected to exceed current market expectations. Specifically, it says it can meet increasing customer demand this year as investments in manufacturing capacity are fully online. "This will deliver stronger revenue and adjusted [earnings before interest, tax, depreciation & amortisation] in H2 of FY2025 and result in us beating current market expectations for the current year," Filtronic says. Adds that it expects this stronger trading performance in financial 2025 to carry through to the next year "as anticipated new programmes come through with new and existing customers".
Chief Executive Officer Nat Edington says: "We are very pleased with the substantial progress we've made and the positive impact it's having on our financial performance. The team has worked tirelessly to bring new programmes to fruition across the defence and space markets. Our continued investment in engineering and manufacturing has positioned us to meet growing demand, and we are confident in the trajectory of the business as we scale to capitalise on future opportunities."
Current stock price: 101.49 pence, up 6.2% on Tuesday morning in London
12-month change: more than doubled
By Emma Curzon, Alliance News reporter
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