Filtronic - Cash generative in FY21 despite the pandemic
Filtronic’s sales declined by 9% year-on-year during FY21 because of 5G roll-out delays and a slowdown in sales to the US public safety market during H121. This market began to recover during Q4. Nevertheless, the group was strongly cash generative during the year, putting it in a good position to invest in additional engineering resource and business development. This supports management’s strategy of broadening the customer base and product range.Filtronic designs and manufactures customized radio frequency (RF), microwave and millimeter-wave components and subsystems. Co. operates two business segments: Filtronic Wireless, which designs and manufactures RF filters, microwave subsystems, and ultra wide band antennas for the mobile telecommunications industry; and Filtronic Broadband, which designs and manufactures millimeter-wave products as well as provides build to print manufacturing and testing services for microwave and millimeter-wave products. The product range for the Filtronic Broadband segment includes transceiver modules and multi-chip, surface mountable transceiver packages at microwave, E-band and V-band frequencies.
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