Sepura half year revenues up 18% to €54.5m

Interim results for the six months ended 26 September 2014 show an adjusted operating profit of €2.7m with a record 89,000 radio shipped

Sepura half year revenues up 18% to €54.5m

Sepura, the critical communications solutions provider, posted revenues of €54.5m (£43.3m), up 18%, for the six month period ended 26 September 2014. Adjusted operating profit was €2.7m (£2.1m), while IFRS operating profit was €4.5m (£3.5m), while gross margin was 45.1%.

The company said it achieved growth across both public sector and commercial verticals and claimed a record number of terminal shipments for the first half of the year after shipping 89,000 radios. It also saw a 57% increase in infrastructure revenues and the closing infrastructure order book increased by €1m.

Sepura recorded growth across all regions with12 countries generating over €1m of revenues. Sepura recently added DMR equipment to its portfolio and shipped DMR to 23 countries. The acquisition of Fylde Micro early this year will boost it DMR Tier III trunked equipment sales.

The company said that North American opportunities were progressing with encouraging first terminals sales into the US. It added that its applications pipeline continues to grow. Overall, the company is predicting revenue growth of 10% per annum and said it was on track to meet market expectations for net cash at the year end.

Commenting on the company's results, Gordon Watling, chief executive officer (pictured), said: "The record interim revenues the company is announcing today reflect growing demand across all of our regions and market verticals.

“Our core business has performed strongly and our strategy of targeting high growth opportunities is beginning to yield results. I am confident that we will continue this momentum into the second half, and meet market expectations for the year."

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