11th Oct 2012 07:00
SEPURA PLC
Trading Update
Sepura plc ("the Company"), a leading global provider of TETRA digital communications solutions, today issues the following trading update for the six months ended 28 September 2012.
Highlights
·; Strong first half trading performance with a number of deliveries ahead of schedule
·; First TETRA terminals contract in North America
·; Combined wins for Sepura / 3T in Malaysia and Germany
·; Trading in line with full year expectations
Trading update
Trading in the first half of the financial year has benefited from the early delivery of several orders originally scheduled for Q3. The Company is performing in line with market expectations for the full year.
The Company is also pleased to announce that Sepura has been awarded the first significant TETRA terminals contract in North America. Canadian utility BC Hydro has taken delivery of a substantial initial order following the successful completion of the first TETRA pilot project in North America. The recent positive ruling by the Federal Communications Commission in the US gives further confidence in the potential for TETRA in North America. Sepura is well placed to capitalise on the development of this important longer-term market.
Trading at 3T is in line with management expectations. Significant recent contract wins include CERN and RWE, whilst the benefits of the combined larger group offering has been evidenced by successful tenders for contracts to supply TETRA infrastructure and terminals to four Malaysian airports and Audi's headquarters and largest production plant in Ingolstad, Germany.
Outlook
CEO Gordon Watling commented: "We have been encouraged by a solid start to the year, securing important contracts from a range of public-safety and commercial customers around the world. We have a strong order book for delivery in the second half of the year, combined with a robust pipeline of opportunities.
"Our market-leading ATEX product is continuing to gain traction, while the inclusion of 3T's infrastructure to our TETRA portfolio has given us a demonstrable edge that has already secured several joint contracts. These successes, combined with the first TETRA terminals contract in North America, give us confidence that we will be able to build on our momentum to date."
The Company expects to report its Interim results for the six months ended 28 September 2012 on 22 November 2012.
For further information please contact:
Sepura plc Tel: 01223 876 000
Gordon Watling, Chief Executive Officer
Steve Chamberlain, Chief Financial Officer
Peter Connor, Investor Relations
Pelham Bell Pottinger (Media Enquiries) Tel: 020 7861 3232
Archie Berens
Charles Goodwin
Cautionary Statement:
This trading 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 trading 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 communications solutions, which are used predominantly by the emergency services around the world and in the transport, utilities and commercial sectors.
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 and on 16 May 2012 announced the acquisition of TETRA infrastructure supplier 3T Communications, enabling Sepura to offer a complete TETRA solution. Sepura has a network of regional partners that sell and provide local support for our market-leading products and is the market leader in over 30 countries.
Based in Cambridge, England and employing over 300 staff, 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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