Filtronic to meet profit forecasts

By The Newsroom
Published 19th Apr 2012, 11:00 BST
MOBILE phone technology group Filtronic said its broadband division should exceed expectations this year with sales expected to reach £12m.

The Shipley-based group said orders for point-to-point microwave, aerospace and E Band radio products remain good and extend into the summer.

The group had expected a drop in demand for legacy point-to-point microwave products to be followed by a further significant decline due to product substitution, but demand has been secured for longer than expected.

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Product volumes are now expected to drop to residual levels during the summer and autumn.

Filtronic said its wireless division continues to make good progress and is involved in a number of new developments to underpin future growth.