Partner Article

Saltaire broadband tech provider Pace plc predict strong results

Saltaire broadband and PayTV technology provider Pace plc has announced a period of increased profitability and ‘good momentum’ for the period ahead.

The firm predicts that revenues for 2014 will now reach between $2.6 billion and $2.65 billion (2013: $2.47 billion), reflecting a short-term shift in phasing from this year into next year;

Operating margin for 2014 is now expected to be greater than 9.0% (2013: 7.8%), equivalent to greater than $235 million adjusted EBITA (2013: $194 million)

Mike Pulli, CEO, said: “We continue to make good progress and have delivered another period of strong profitability and cash generation.

“In the period, Pace has achieved a record number of major product launches across the globe, regaining leadership with a number of key customers and reinforcing Pace as a leader in innovation and delivery for the PayTV and broadband industries.

“The Company continues to make further progress on its self-help initiatives with improvements in the efficiency of its supply chain and a reduction in operating costs. Notwithstanding the benefits realised over the last three years, there remains significant opportunity for further improvement.

We have a good line of sight to a record Q4 and remain firmly focused on closing out the year and maintaining this momentum into 2015.“

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