28th Jan 2010 07:00
Sepura plc
Interim Management Statement
Sepura plc ("the Company"), a global leader in the design, development and supply of TETRA digital radios used predominantly by emergency services, today issues the following Interim Management Statement. This statement, as required by the UK Listing Authority's Disclosure and Transparency Rules, refers to the Company's trading results for the period from 1 October 2009 to 27 January 2010.
Continued success in Germany
During the period we received confirmation of the award of the North Rhine-Westphalia ("NRW") tender through our partner, Selectric GmbH. The tender was originally awarded to Selectric in April 2009 and was confirmed by the higher regional court of Dusseldorf in December 2009 after it rejected a contest from a competing bidder.
The initial award is for c.25,000 Sepura radios and accessories, out of the estimated total requirement for c.100,000 radios. This takes our share of German tenders won to eight out of ten, representing over 80% of the volumes awarded. We delivered 10,000 radios to German customers during the quarter, which was in excess of our UK deliveries for the first time.
Current trading and Outlook
In our interim management report for the half-year to 30 September 2009 we announced major new contract wins in Portugal, Lithuania and the German states of Hamburg and Saxony, and deliveries have commenced under these contracts during the period under review. We have secured further replacement business from UK customers refreshing their fleets, and activity in our other core markets is in line with expectations. The targeted recruitment of additional sales resource in emerging markets has continued, as has our ongoing programme of enhancing our distribution network.
Current trading remains in line with expectations and the earnings outlook for the year ended 31 March 2010 remains unchanged from the half-year announcement.
There have been no other significant changes in the position of the Company over the period.
The Company expects its next report to shareholders to be the Preliminary Results Announcement for the year ended 31 March 2010, which it plans to issue during the first week of June. This will be followed by the Company's Annual Report & Accounts, intended to be issued in late June, and the AGM which is due to take place in July. A confirmatory announcement of the final dates for each of these will be made in due course.
For further information please contact:
Sepura plc Tel : 01223 876 000
Phil Nolan, Chairman
Gordon Watling, Chief Executive Officer
Stephen Mole, Chief Financial Officer
Powerscourt (Media Enquiries) Tel : 020 7250 1446
Paul DurmanRob 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, development and supply of TETRA (TErrestrial Trunked RAdio) digital mobile radios. These are secure communication devices dedicated to professional front-line services and first-responder personnel users, predominantly in the public safety sector (i.e. police, fire, ambulance and rescue), but also in the transport, military, utilities and commercial sectors.
TETRA technology facilitates reliable radio communications at all times and offers secure voice and data transmissions - free from the possibility of eavesdropping. It is mission critical and often life saving benefits such as these that are driving and accelerating the continued migration from analogue to digital communication networks. TETRA has now become the dominant and fastest growing digital Private Mobile Radio standard in the world and is present in more than 100 countries.
Sepura is focused solely on TETRA radio terminals and accessories. Our vision is to become the number one supplier of TETRA radios globally and we are making good progress in this strategic direction.
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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