Overview
UK computer products maker estimates FY25 revenue and profit incraesed, meeting expectations
Company's FY25 order intake hit record £47 mln, driven by Europe and Asia-Pacific demand
Outlook
Concurrent Technologies sees strong demand and record order intake supporting growth
Company expects design wins to convert into production revenues
Concurrent plans strategic management of component costs through the year
Result Drivers
RECORD ORDER INTAKE - FY25 order intake reached a record £47 mln, driven by strong demand from Europe and Asia-Pacific
CONTRACT EXPANSION - Expanded $6.2 mln contract with defense prime contractor highlights growth in design services
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Orders
GBP 47 mln
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Concurrent Technologies PLC is GBp250.00, about 9.6% above its January 19 closing price of GBp228.00
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 29 three months ago
Press Release: ID:nRST5087Pa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)