Wireless handset market boosts Filtronic
EW News 11/02/2004 – Wireless handset market boosts Filtronic
Wireless handset market boosts Filtronic David Manners
Filtronic has seen strong growth on the back of the wireless handset market in its interim operating profits.
Sales of antennas to the wireless handset market increased by 37 per cent. The company also reported increased market share and better margins in the manufacturing of antennas as a result of adopting flexible manufacturing techniques.
This was reflected in the operating profit of £4.7m on sales of £121.5m for the six months to November 30, 2003 compared to the operating profit of £1.4m on sales of £123.9m reported in the same period last year. Pre-tax profit was £2.2m this year compared to zero in 2002.
We have maintained our market leading position in our two main businesses, said Professor David Rhodes, CEO of Filtronic.
Sales to the wireless infrastructure business were static with margins at the low end of expectations for Filtronic’s transmit/receive modules for which it is the world’s leading independent producer.
However, forecast demand was for the modules has increased in the last few weeks, said the company. The Newton Aycliffe fab which produces gallium arsenide (GaAs) power amplifier modules for the wireless infrastructure business is costing £1m a month. A range of GaAs RF switches has been developed for manufacture at the fab.
A new customer has been found for a 3G mobile integrated RF head unit, incorporating power amplifiers, which is expected to move into production quantities in the second half of this year.