25th Jul 2013 07:00
SEPURA PLC
("Sepura," the "Company" or the "Group")
INTERIM MANAGEMENT STATEMENT
Sepura plc, a leading global provider of critical communications systems, today issues the following Interim Management Statement. This statement, required by the UK Listing Authority's Disclosure and Transparency Rules, refers to the Group's trading results for the period from 30 March 2013 to 24 July 2013.
Trading update
The Board confirms that trading since the end of the last financial year has been in line with its expectations, and reiterates guidance given at the time of the its Final Results. The trends seen during the last year have continued into the current financial year with robust demand across established and emerging markets, especially Germany, the UK and Australia.
On 11 July 2013 the Company confirmed that the full contingent consideration was payable in relation to the acquisition of 3T Communications AG as the business, now trading as "Sepura Systems", had achieved its maximum earn-out targets. Order intake for Sepura Systems during the first quarter of the year has been strong, and included the first public transport TETRA system in Canada with Toronto Transit. There is a growing pipeline of opportunities as the Group's global partner network promotes Sepura Systems' products.
Acquisition of Portalify OY
Details of the acquisition of Portalify OY are contained in a separate press release also issued today.
The Company expects to report its Interim results for the six months ended 27 September on 19 November 2013.
Further information:
Sepura Gordon Watling, Chief Executive Officer Steve Chamberlain, Chief Financial Officer Peter Connor, Investor Relations
| +44 12 2387 6000 |
Pelham Bell Pottinger Olly Scott Charlie Goodwin | +44 20 7861 3112 |
Cautionary Statement:
This Interim Management Statement contains certain forward-looking statements with respect to the operations, performance and financial condition of Sepura. By their nature, future events and circumstances can cause results and developments to differ from those anticipated. Nothing in this Interim Management Statement should be construed as a profit forecast. No undertaking is given to update the forward-looking statements whether as a result of new information, future events or otherwise.
Notes to Editors:
Sepura is a global leader in the design, manufacture and supply of TETRA digital radios, infrastructure and applications. We provide specialist solutions for the public safety, transportation, oil and gas, mining, utilities, industrial and other commercial sectors.
The Group offers one of the broadest ranges of TETRA products available and is often first to deliver innovative products and features to its markets. The recent acquisition of specialist TETRA infrastructure systems supplier, 3T - now rebranded Sepura Systems - enhances Sepura's capability through the addition of powerful and easy-to-deploy systems.
Founded in the UK in 2002, Sepura has expanded rapidly across the world and is now a market leader in over 30 countries, with a network of regional partners that sell, and provide local support for, its market-leading products.
Based in Cambridge, England and with over 300 employees, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007.
www.sepura.com
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