Broadband business lets Filtronic down

Manufacturer Filtronic is on track for impressive growth, but has its broadband business has let the side down. Its wireless business tripled in the year to May 2017, reaching £30.5m, up from £9m the year before. The Yeadon-based company is now expecting group revenue of approximately £35.4m for the year, from £13.6m. However Filtronic’s broadband business took a hit with a decline in orders from a major customer. It still saw an increase in revenue for the year to £4.9m, up from £4.6m - far from matching th... For the full story register now for free or login below...
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