MOBILE radio manufacturer Sepura swung to a profit in the first half of its financial year, as the Cambridge-based company’s push into new markets and recent €8m (£6.5m) acquisition of Vienna-based 3T Communications paid off.
The company has pushed into overseas markets and the commercial sector in the last two years in a bid to reduce its reliance on public sector contracts. The result was a €2.6m profit in the six months to 28 September, compared with a €5m loss in the same period last year.
Revenues were up 34 per cent to €43.5m, strengthened by a number of new contracts.
The firm has also recently been boosted by its first deal in North America following the opening of the TETRA network its radios work on. Chief executive Gordon Watling told City A.M. that the US market – where rival Motorola radios are commonly used – was a huge opportunity.
“The commercial world is tired of paying high prices for a standard that hasn’t moved on,” Watling said.