Concurrent Technologies PLC - Essex, England-based computer board manufacturer - Expects revenue for 2023 to be 5% ahead of Cavendish Capital Markets Ltd expectations of £29.5 million, based on its unaudited management accounts. Says adjusted pretax profit will also come up ‘slightly ahead’ of Cavendish’s £3.5 million expectations. This would make 2023 a ‘record year’ for Concurrent, with revenue increasing from £18.3 million in 2022.

Chief Executive Officer Miles Adcock said: ‘This has been another outstanding year for Concurrent Technologies delivering a record financial performance even after meaningful investment for growth in the cost base. Our success has been fuelled by significant design-in wins, new product releases and investment made in the systems business.’

Current stock price: 79.42 pence, up 0.5% in London at midday on Thursday.

12-month change: down 0.1%

Copyright 2024 Alliance News Ltd. All Rights Reserved.