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28 JANUARY 2013
INTERIM MANAGEMENT STATEMENT
Sepura plc ("the Company", together with its subsidiary undertakings "the Group"), a leading global provider of mission-critical communications systems, today issues the following Interim Management Statement. This statement, required by the UK Listing Authority's Disclosure and Transparency Rules, refers to the Group's trading results for the period from 29 September 2012 to 27 January 2013.
The positive momentum reported in the Interim Results for the period ended 28 September 2012 has continued into the second half of the current financial year. Demand for the Group's products remains resilient and cumulative revenues for the first nine months of the financial year were in line with the Board's expectations.
The Group has secured business across a range of market sectors in both core and emerging markets, including significant orders from Russian, German and Dutch public safety users, together with orders for a total of 2,500 ATEX radios, primarily for oil and gas customers in the Middle East.
The integration of 3T Communications AG continues to progress in accordance with the Group's plans with further combined contract wins in Europe and the Middle East, and the Group has already repaid a portion of the borrowings drawn down to fund the acquisition of 3T earlier in the year.
Notwithstanding that trading remains seasonally weighted to the second half of the year, the Group is seeing continued robust demand in the current quarter which gives the Group a solid platform from which to achieve the market's expectations for the full year.
The Company expects to issue its Preliminary Results Announcement for the period ended 29 March 2013 on 4 June 2013.
Gordon Watling, Chief Executive Officer
Steve Chamberlain, Chief Financial Officer
Peter Connor, Investor Relations
+44 12 2387 6000
Pelham Bell Pottinger
+44 20 7861 3112
This Interim Management Statement contains certain forward-looking statements with respect to the operations, performance and financial condition of Sepura. By their nature, future events and circumstances can cause results and developments to differ from those anticipated. Nothing in this Interim Management Statement should be construed as a profit forecast. No undertaking is given to update the forward-looking statements whether as a result of new information, future events or otherwise.
Notes to Editors:
Sepura is a global leader in the design, manufacture and supply of TETRA (TErrestrial Trunked RAdio) products and systems developed specifically for critical communications applications. The Group's customers span the emergency services, transport, utilities, extractive industries and other commercial sectors. Sepura is also a market leader in the supply of surveillance and other specialist TETRA radios and accessories.
The Company offers one of the broadest ranges of TETRA products available and is often first to deliver innovative products and features to its markets. The recent acquisition of specialist TETRA infrastructure systems supplier, 3T, enhances Sepura's capability through the addition of powerful and easy-to-deploy systems.
Founded in the UK in 2002, Sepura has expanded rapidly across the world and is now a market leader in over 30 countries, with a network of regional partners that sell, and provide local support for, its market-leading products.
Based in Cambridge, England and with over 300 employees, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007.
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