5th Dec 2006 08:43
Ultra Electronics Holdings PLC05 December 2006 The following is an updated version of the Trading Update replacing the one released at 7.00 am this morning. 5 December 2006 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 December2006, which will be announced on 26 February 2007. Given recent exchange rate volatility, Ultra expects that revenue for the fullyear will be about £370m. Overall, margins continue to improve as a result ofthe Group's constant focus on achieving operational efficiencies whilesatisfying the expectations of its customers. As a result, the Board expectsthat Ultra's profits will be broadly in line with current market expectations. Ultra's management currently anticipates that operating cash flow will bestronger in the second half of the year than in the first and net debt isexpected to be below £30m by year-end. The Group has secured a number of contracts on long-term programmes and furtherprogress has been made in increasing the order book since the half-year. Ultra's broad spread of activities and its successful positioning on a range ofinternational programmes give the Board confidence in the Group's continuedprogress in 2007. - Ends - Enquiries: Ultra Electronics Holdings plc 020 8813 4321Douglas Caster, Chief Executive www.ultra-electronics.comDavid Jeffcoat, Group Finance Director [email protected] Weber Shandwick Square Mile 020 7067 0700 Susan Ellis / Louise Robson Ultra Electronics is a group of specialist businesses designing, manufacturingand supporting electronic and electromechanical systems, sub-systems andproducts for defence, security and aerospace applications worldwide. Ultra, which employs 3,200 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 cockpitindicators; aircraft noise and vibration control systems; airframe iceprotection systems, armoured vehicle electronic information and control systems;human/computer interface equipment and shared working environment solutions. 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 conversionand signature management equipment; nuclear reactor control and instrumentationsystems; transit system power conversion and control. Tactical & Sonar Systems including secure tactical line-of-sight radio systems;multiplexers and switches; voice communication systems; tactical data links;cryptographic equipment; airborne targeting pods; active, passive andmulti-static sonobuoys; sonobuoy receivers and processors; distributedsurveillance sensor arrays; ship's sonar systems; acoustic countermeasuresystems and ship's torpedo defence systems. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ULE.L