Targets set to be met by Filtronic

FILTRONIC is on track to hit full year expectations with profitability from its broadband operations exceeding forecasts.

The Shipley-based stock market company, which manufactures telecommunications equipment, said in a statement this morning that both its wireless and broadband divisions were making progress.

The company said its broadband order coverage for its point-to-point microwave, aerospace and E Band radio products “remains good” and went through into the summer.

It expects sales in broadband to be around £12m in its present financial year.

Its wireless arm will deliver further revenue and margin growth in the second half of the year, the company said.

Filtronic added: “The precise year-end outcome remains subject to the timing of short term order call-off for the wireless business, but the board believes that current market estimates for the full year group revenues and profit will be delivered.”