The FY 2020 results are broadly in line with the YE trading update, showing resilience and effective management through a challenging period. Even with the distraction of settling a warranty claim, the sale of the antenna business, management change, and finally a pandemic, the ongoing business still grew revenue and profits YoY. The sale allows FTC to focus on core markets: public safety; aerospace & defence; and telecoms backhaul. The proceeds funded significant investment in staff, pro
04 Aug 2020
Filtronic - FY 2020 leaves Filtronic well positioned for growth
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Filtronic - FY 2020 leaves Filtronic well positioned for growth
Filtronic plc (FTC:LON) | 33.0 -0.2 (-1.5%) | Mkt Cap: 71.6m
- Published:
04 Aug 2020 -
Author:
Michael Hill | Cavendish Research -
Pages:
14
The FY 2020 results are broadly in line with the YE trading update, showing resilience and effective management through a challenging period. Even with the distraction of settling a warranty claim, the sale of the antenna business, management change, and finally a pandemic, the ongoing business still grew revenue and profits YoY. The sale allows FTC to focus on core markets: public safety; aerospace & defence; and telecoms backhaul. The proceeds funded significant investment in staff, pro