14th Feb 2011 07:00
Sepura PLC
14 February 2011
SEPURA PLC
INTERIM MANAGEMENT STATEMENT
Sepura plc (the "Company"), a leading global provider of TETRA digital radios, today issues its Interim Management Statement for the period from 2 October 2010 to 13 February 2011.
We have seen recent delays in orders from two markets, predominantly Germany (where government budgets remain robust) and a lesser effect from one Asian territory, and as a result we now expect revenues for the current financial year to be in the low- to mid- £70ms. The expected revenue delay in Germany relates to business which has already been awarded to the Company under existing framework contracts. Trading in other markets is in line with expectations, and gross margin for the current financial year is modestly ahead of market expectations. At this stage, the Board expects that this delay in revenues should underpin, or possibly enhance, the current outlook for the medium-term. The Company confirms that its expectations for FY12 remain unchanged.
For further information please contact:
Sepura plc Tel: 01223 876 000
Gordon Watling, Chief Executive Officer
Paul Goodridge, Chief Financial Officer
Peter Connor, Investor Relations
Powerscourt (Media Enquiries) Tel: 020 7250 1446
Paul Durman
Victoria Ward
Rob Greening
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:
About Sepura
Sepura is a global leader in the design, manufacture and supply of TETRA (TErrestrial Trunked RAdio) digital radios, which are used predominantly by the emergency services around the world and in the transport, utilities and commercial sectors. Our products deliver mission critical communications.
Sepura offers one of the broadest ranges of TETRA products available, is often first to market with innovative products and features, and is a market leader in the supply of surveillance and other specialist TETRA radios and accessories. Founded in the UK in 2002, Sepura has expanded rapidly across the world with a network of regional partners that sell and provide local support for our market-leading products and is market leader in over 30 countries.
Based in Cambridge, England and employing some 300 employees, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007. For further information please visit www.sepura.com.
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