Filtronic Plc forecasts full-year profit tripling due to rising sales to SpaceX for Starlink.
Filtronic Plc, a UK telecom equipment maker, forecasts its full-year profit to triple due to rising sales to primary customer SpaceX, supplying ground-based modules for Starlink satellite constellation. Adjusted EBITDA is expected to hit £4.8M in 2024 from £1.3M, and revenue to reach £25.4M from £16.3M. The partnership with SpaceX fuels growth potential in the space market and drives increased demand in core markets.
June 20, 2024
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