Filtronic’s post-close trading update notes that FY22 revenues will be broadly in line with market expectations, rising by 10% y-o-y to £17.1m. In addition, adjusted EBITDA will be materially ahead of market expectations at over £2.7m, mainly reflecting a higher-than-expected proportion of defence revenues. We adjust our FY22 estimates accordingly and leave our FY23 estimates unchanged.
20 Jun 2022
Filtronic - Recovery continues throughout H222
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Filtronic - Recovery continues throughout H222
Filtronic plc (FTC:LON) | 47.5 -0.7 (-3.1%) | Mkt Cap: 103.1m
- Published:
20 Jun 2022 -
Author:
Anne Margaret Crow -
Pages:
4
Filtronic’s post-close trading update notes that FY22 revenues will be broadly in line with market expectations, rising by 10% y-o-y to £17.1m. In addition, adjusted EBITDA will be materially ahead of market expectations at over £2.7m, mainly reflecting a higher-than-expected proportion of defence revenues. We adjust our FY22 estimates accordingly and leave our FY23 estimates unchanged.