Filtronic - Successful focus on new customer acquisition
Filtronic’s AGM statement notes that the group’s trading performance during the opening months of FY22 has been in line with management forecasts and shows a healthy improvement on FY21. Management remains confident of delivering results for the full year in line with market expectations. We therefore leave our estimates, which look for 15.5% year-on-year revenue growth and a 13.7% rise in EBITDA, unchanged.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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