LONDON (dpa-AFX) - Sepura Plc (SEPU.L), a provider of critical communications solutions, said it expects revenues of 54 million euros for the first half, up 18% year-over-year.
Planned investment in DMR has continued, with the introduction of additional products and the acquisition of Fylde Micro Ltd. DMR distribution channels have been extended further, with DMR radios shipped to customers in 23 countries during the period.
The Group has agreed a new five-year finance facility of 35 million euros with Barclays, replacing its existing five-year 18 million pounds RCF that was slated to mature in 2016, and on better terms.
The firm is expected to report net debt of 13.8 million euros, that includes a working capital outflow of 10.6 million euros for the period. This is expected to largely unwind during the coming quarter, with cash generation for the year on track to meet market view.
Copyright RTT News/dpa-AFX