28 January 2015 – trading statement

The group has issued a profit warning, stating that its results will be below market expectations due to problems in the Wireless business.  These include delays in the introduction of a new product, the lack of an anticipated order and the delay of other orders into the next financial year.  Trading at the Broadband business also continues to be slow.  Although the group believes that long term prospects remain sound there appears little need to rush to invest.  HOLD.