Calnex Solutions PLC Trading Update (7219O)
12 Octubre 2021 - 01:00AM
UK Regulatory
TIDMCLX
RNS Number : 7219O
Calnex Solutions PLC
12 October 2021
This announcement contains inside information.
12 October 2021
Calnex Solutions plc
("Calnex", the "Company" or the "Group")
Trading Update
Calnex Solutions plc (AIM: CLX), a leading provider of test and
measurement solutions for the global telecommunications sector,
today provides an update on trading for the six months ended 30
September 2021 and prospects for the full year.
The Board is pleased to report that the Group has experienced
continued strong levels of trading in the first half of the year
and expects this trend to continue through the second half of the
year.
As a result of the strong performance the Board anticipates that
revenue and profits for the full year will be materially ahead of
previous expectations. The Group's robust cash position has allowed
the Group to bring forward planned investment in the team to
increase operational capability, in line with order growth.
The Group has seen a return to pre-COVID customer spending
patterns in all regions, other than in China where demand has been
in line with the previous year. Factors driving the strong
performance include a sustained positive response to the launch of
the enhanced Paragon-Neo, Calnex's Lab Sync Platform which is being
adopted both by existing customers and new customers looking to
deliver products addressing the new O-RAN standards. The new
version of Sentinel has also seen strong uptake from hyperscale
enterprise customers who are investing in their datacentre
operations.
Calnex has not experienced any negative impact from the ongoing
global semiconductor shortage to date on the ability to manufacture
and ship product, although the Board continues to monitor the
situation closely.
The Group continues to successfully deliver on its stated growth
strategy and the Board is confident in Calnex's ability to continue
benefitting from the underlying market growth drivers in the
telecoms market.
Notice of Results
Calnex expects to announce results for the six months ended 30
September 2021 on 23 November 2021.
Tommy Cook, Chief Executive Officer and founder of Calnex,
said:
"I am delighted to provide an update on what has been another
period of strong growth for Calnex. We have seen most of our
customers return to pre-COVID spending patterns and have
experienced demand from both new and existing customers for our
latest product enhancements. Whilst we remain cautious with regards
to the ongoing global semiconductor shortages, the strength in
customer orders in the first half of the year provides us with
confidence that the full year revenue and profits will exceed that
of the record prior year and mark another considerable step forward
for Calnex, as we continue to capitalise on the industry's
transitions to 5G and the growth of cloud computing."
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.
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END
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