18th Dec 2007 07:01
Ultra Electronics Holdings PLC18 December 2007 Embargoed until 0700 18 December 2007 Ultra Electronics Holdings plc ("Ultra" or "the Group") Trading Update The Board of Ultra is reporting on trading before the Group enters the closeperiod in respect of its preliminary results for the year ending 31 December2007, which will be announced on 25 February 2008. The Group expects that revenue for the full year will be greater than £400m andthat margins will be maintained, despite the continuing currency headwind. As aresult the Board anticipates that Ultra's profits will be in line with currentmarket expectations. It is anticipated that operating cash flow will be stronger in the second halfof the year than in the first. The Group has announced four acquisitions in theyear; Criticom, Telemus, Atkins and BCF Designs for which the total cashconsideration payable in the year will be about £30m including expenses. Despitethis Ultra's net debt is expected to be below £30m at the year-end. The combinedrevenue of these acquisitions on a full-year basis for 2007 would have beenabout £20m. Ultra's strong positioning on platforms and programmes, its broad spread ofactivities, continuing investments in growth markets and track record fordelivery and service give the Board confidence in the Group's prospects for2008. - Ends - Enquiries: Ultra Electronics Holdings plc 020 8813 4321Douglas Caster, Chief Executive www.ultra-electronics.comDavid Jeffcoat, Group Finance Director [email protected] Weber Shandwick Financial 020 7067 0700Louise Robson / James White Notes to editors: Ultra Electronics is a group of specialist advanced technology businesses thatdesign, manufacture and support electronic and electromechanical systems,sub-systems and products for defence, security, aerospace and transportapplications worldwide. Ultra, which employs 3,100 people in the UK and North America, focuses on highintegrity sensing, control, communication and display systems with an emphasison integrated information technology solutions. The Group concentrates onobtaining a technological edge in niche markets, with many of its products andtechnologies being market leaders in their field. Ultra's products and services are used on aircraft, ships, submarines, armouredvehicles, surveillance systems, airports and transport systems around the world.Ultra also plays an important role in supporting prime contractors byundertaking specialist system and sub-system integration using the combinedexpertise of the Group businesses. Ultra is organised into three divisions as follows: Aircraft & Vehicle Systems including miniature airborne compressors; highintegrity software and systems; aircraft system electronics; aircraft systemtest equipment; aircraft cockpit indicators; aircraft noise and vibrationcontrol systems; airframe protection systems, armoured vehicle electronicinformation and control systems; human/computer interface equipment and crisisinformation management systems. Information & Power Systems including command and control systems equipment;weapons interfacing electronics; radar tracking; electro optical tracking;surveillance systems; naval data processing and distribution; airport andairline information management systems; ID card systems; naval power conversion;signature management of naval vessels; transit system power conversion andcontrol. Tactical & Sonar Systems including secure tactical line-of-sight radio systems,multiplexers and switches; secure video-conferencing systems; voicecommunication systems; tactical data links; cryptographic equipment; active,passive and multi-static sonobuoys; sonobuoy receivers and processors;distributed surveillance sensor arrays; ship's sonar systems; acousticcountermeasure systems and ship's torpedo defence systems. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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