09 May 2019
Current year outlook revised
Frontier Smart has released a trading update and revised full year outlook. While the group’s long term strategic plan remains in place, near term competitive pressures in Digital Radio, combined with delays in the ramp-up of the new Smart IoT Licencing business, is now likely to impact full year revenue and profitability. As a result, the group now expects to be loss making in the current financial year. The Board is confident however that the combination of actions already taken to improve Dig ....
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Current year outlook revised
Frontier Smart Technologies Group (FST:LON) | 0 0 (-0.3%)
- Published:
09 May 2019 -
Author:
Oliver Knott -
Pages:
3
Frontier Smart has released a trading update and revised full year outlook. While the group’s long term strategic plan remains in place, near term competitive pressures in Digital Radio, combined with delays in the ramp-up of the new Smart IoT Licencing business, is now likely to impact full year revenue and profitability. As a result, the group now expects to be loss making in the current financial year. The Board is confident however that the combination of actions already taken to improve Dig ....