Sepura share price rises as radio maker fine tunes revenue growth

 
Oliver Smith
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Sepura expects to report year-on-year revenue growth of 18pc
Sepura, the mobile radio maker, said it expected to report €54m (£42.6m) in revenues for the first half of the year, 18 per cent higher year-on-year.

The company has also agreed a five-year finance facility of €35m with Barclays, replacing an existing £18m due to mature in 2016, and on better terms.

“Trading in the first half and further contract wins, resulting in a strong closing order book, gives the board confidence in the company's ability to meet its existing guidance of 10 per cent revenue growth and 15 per cent adjusted earnings per share growth for the full year ended 27 March,” Sepura said in its trading update.

Sepura said infrastructure revenues were 57 per cent higher as the strong year-end order book was delivered.

Chief executive Gordon Watling said that planned investment in digital mobile radio (DMR) had continued, with the launch of additional products and the acquisition of Fylde Micro.

Distribution of DMR grew with a number of new channels added. Radios were shipped to customers in 23 countries during the period.

Shares in the firm rose 1.04 per cent on the news to 134.12p.

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