Member Article

Yeadon’s Filtronic optimistic despite sub-par broadband performance

Yeadon-based Filtronic plc, a designer and manufacturer of microwave electronics products for the wireless telecoms market

During the first quarter of the financial year, the wireless business has traded broadly in line with expectations, sales revenue for the financial year is projected to increase month on month and be significantly weighted towards the second half.

The wireless business is currently engaged in a number of new product introductions with OEM customers, although the timing and volume of production contracts following on from design wins remains uncertain.

A new, purpose built antenna assembly and testing line has been opened by our sub-contract manufacturer in China to satisfy the forecast demand for these types of products.

Broadband has performed somewhat below expectations during the first quarter, although second quarter performance, for which visibility is relatively good, is expected to be stronger.

The firm also reported a greater than usual degree of uncertainty over the second half outlook as a key customer’s product introduction, which incorporates one of our modules, has been delayed.

Additionally, a proportion of Filtronic’s modules are made for OEM customers who are selling to Russian Operators, where the landscape for business has changed markedly over the last few months.

While at this stage of the year it is too early to be clear about the second half outlook for broadband, on the balance of probability management has predicted that for the year as a whole broadband is likely to generate a result below current market expectations.

This was posted in Bdaily's Members' News section by Clare Burnett .