As revealed in last week’s interim update, strong demand continued through 1H23 and into 2H23, fuelled by demand for backhaul modules in the ongoing 5G rollout, newly won defence contracts and a post-COVID recovery in critical coms. This led to solid +5% yoy growth in 1H revenue and a current record order book of £17m – a full year’s worth of business for the group. The update also revealed that shortages and the resulting price hikes on specific components led to FTC delaying some 2H23 producti ....
07 Feb 2023
Filtronic - Expecting 10% pa compound revenue growth to FY24
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Filtronic - Expecting 10% pa compound revenue growth to FY24
Filtronic plc (FTC:LON) | 33.2 -0.6 (-5.1%) | Mkt Cap: 72.1m
- Published:
07 Feb 2023 -
Author:
Michael Hill | Cavendish Research -
Pages:
13
As revealed in last week’s interim update, strong demand continued through 1H23 and into 2H23, fuelled by demand for backhaul modules in the ongoing 5G rollout, newly won defence contracts and a post-COVID recovery in critical coms. This led to solid +5% yoy growth in 1H revenue and a current record order book of £17m – a full year’s worth of business for the group. The update also revealed that shortages and the resulting price hikes on specific components led to FTC delaying some 2H23 producti ....