11th Jun 2007 07:01
Filtronic PLC11 June 2007 Filtronic plc Trading update Filtronic plc ("Filtronic") will announce preliminary results for the financialyear ended 31 May 2007 on 23 July 2007 and has today issued the followingstatement. Revenue in the second half of the financial year will have been in line withmarket expectations. Operating performance in the second half of the year isexpected to have been better than market expectations although, as predicted,still loss making overall. This reflects another good half year in Point toPoint, a sound performance in the Defence business, and margin and overheadcontrol in Compound Semiconductors, which will have traded close to breakeven. Capital expenditure (including related cancellation costs) for the NewtonAycliffe facility has been within the limits stated in January. Excluding this,the underlying Group cash performance in this period will have been positive. As previously reported, the Powerwave shares acquired as part of the sale of theWireless Infrastructure business were sold in the second half of the financialyear. In total, the sale of these Powerwave shares generated net proceeds of£53.4m, in addition to the cash consideration of £96.9m making a total of£150.3m. Contacts: Filtronic plc John Poulter, Chairman 01274 415 325Charles Hindson, Chief Executive 07800 706 319 (mobile) Filtronic website: www.filtronic.com Parkgreen Communications Ltd 020 7479 7933Paul McManus 07980 541 893 (mobile) ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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