Calnex Solutions PLC Trading Update (1775P)
16 Febrero 2021 - 1:00AM
UK Regulatory
TIDMCLX
RNS Number : 1775P
Calnex Solutions PLC
16 February 2021
This announcement contains inside information.
16 February 2021
Calnex Solutions plc
("Calnex", the "Company" or the "Group")
Trading Update
Calnex Solutions plc (AIM: CLX), an established provider of test
and measurement solutions for the global telecommunications sector,
today provides an update on trading for the year ending 31 March
2021 ("FY21").
The Board is pleased to announce that the strong levels of
customer spend experienced in the first half of the Group's
financial year continued into the second half of FY21, with no
deterioration in operational performance noted from any
macro-economic factors, including the ongoing COVID-19 pandemic.
The Board believes the COVID-19 pandemic may have influenced
certain customers' spending patterns, resulting in some revenues
being brought forward into FY21.
As a result of the continued strong performance in the second
half of FY21, the Board anticipates revenues for FY21 will be ahead
of market expectations. In addition, as a result of lower travel
and event costs due to COVID-19 restrictions, higher margins are
expected to be achieved in FY21 than would have been anticipated,
which will result in the Company's profitability also being ahead
of market expectations in FY21.
With the long-term underlying growth drivers continuing, as the
market transitions to 5G and the widescale adoption of cloud
computing progresses, the Board is confident that while industry
spending patterns may normalise in FY22, Calnex is well positioned
to deliver its historical growth rates over the long-term.
The Group expects to commence FY22 with a healthy order book and
intends to provide an update on the outlook for FY22 when it
announces its preliminary results for FY21 in late May.
Tommy Cook, Chief Executive Officer and founder of Calnex,
said:
"We have seen the strong customer spending patterns flagged at
the time of our interim results continue into the second half of
the year, which coupled with our continued strong operational
performance means we are pleased to confirm that we expect to
deliver growth in the year considerably ahead of the forecasts
published at the time of our IPO. While we have now started to see
some signs that this early pull through of orders is reverting to
more normal levels, we anticipate entering FY22 with a healthy
order book."
"We continue to make good progress executing on our growth
strategy, investing in our product offering and people to
capitalise on the growth of the telecoms testing market as the
industry transitions to 5G and the cloud computing sector continues
to grow. We are delighted to have delivered this strong performance
in our first period as a PLC and continue to look to the future
with confidence."
For more information, please contact:
Calnex Solutions plc Via Alma PR
Tommy Cook, Chief Executive Officer
Ashleigh Greenan, Chief Financial Officer
+44 (0)131 220
Cenkos Securities plc - NOMAD 6939
Derrick Lee, Peter Lynch
+ 44(0) 20 3405
Alma PR 0213
Caroline Forde, Harriet Jackson, Joe Pederzolli
Overview of Calnex
Calnex designs, produces and markets test instrumentation and
solutions for network synchronization and network emulation,
enabling its customers to validate the performance of the critical
infrastructure associated with telecoms networks. To date, Calnex
has secured and delivered orders to over 600 customer sites in 68
countries across the world. Customers include BT, China Mobile,
NTT, Ericsson, Nokia, Intel, Qualcomm, IBM and Facebook.
Founded in 2006, Calnex is headquartered in Linlithgow,
Scotland, with additional locations in Belfast, Northern Ireland
and California in the US, supported by sales teams in China and
India. Calnex has a global network of partners, providing a
worldwide distribution capability.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTFLFSTFDIELIL
(END) Dow Jones Newswires
February 16, 2021 02:00 ET (07:00 GMT)
Calnex Solutions (LSE:CLX)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Calnex Solutions (LSE:CLX)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024