22nd Oct 2013 07:52
LONDON (Alliance News) - Sepura PLC Tuesday that it was performing in line with expectations for the full-year, as strong demand from core markets boosted its performance in the first-half ended September 27.
The company said that terminal volumes rose by 28% compared to the previous year, driven by contract wins in Germany.
The digital wireless communications technology company said that it had seen strong order intake in the period. It has continued to increase investment in North America and has expanded its US-based sales team, Sepura said. However, its European operating costs were impacted during the period by movements in exchange rate hedges compared to the previous year.
The company assured this would not be the case in the second half of the year.
"We have been encouraged by the performance across our core markets during the period, and remain confident of meeting our targets for the full year," said Chief Executive Officer Gordon Watling in a statement.
Shares in Sepura were trading up 0.08 pence at 146.33 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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