Proactive Investors - Run By Investors For Investors

Spirent looks to 5G to maintain momentum as profits jump by third

The roll-out of 5G will give demand a further boost in 2019
ethernet cables
Ever faster internet speeds are driving growth at Spirent

A big US GPS order and demand for high-speed broadband connectors helped Spirent PLC’s (LON:SPT) profits rise by a third in 2018.

The roll-out of 5G will give demand a further boost in 2019 said Spirent, which specialises in internet networking equipment.

READ: Spirent Communications shares jump as it expects full-year profit to beat market forecasts

Orders and revenue from the ongoing businesses increased 6% year-on-year said Eric Hutchinson, who is set to retire as chief executive after 36 years at the firm once a successor is identified.

Profits rose by 31% to £61.2mln in 2018 on turnover of £470mln.

The dividend rises by 10% to 4.4p but last year’s specials was not repeated.

Shares rose 3% to 155p, close to their all-time high.

View full SPT profile View Profile

Spirent Communications Timeline

Related Articles

Network cables
June 21 2019
The group said it had entered 2019 with a “substantially higher order book” compared to the same period in the prior year

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use