22 November 2023 - trading update
The specialist electronics group has provided an update on trading for the four month period to 28 October. Sales in the four month period fell by 8% organically against a strong period in 2022 with the Power and Connectivity division and GMS divisions doing well but the Sensors and Specialist Components suffered from the effect of a machine breakdown experienced at one of its facilities which continued for longer than expected. The latter incident is expected to reduce profit in Q3 by £2m. Order intake has slowed recently as lead times return to normal although . . .
This content is restricted to members only. We offer three packages from 1 month to a whole year of daily tips, market news and commentary, plus our monthly newsletters.
Registration is quick and simple HERE.
Already a member, log in HERE.
