Calnex: Trading ahead of expectations
AIM-listed Calnex, provider of test and measurement solutions fto the telecoms sector, has today announced that trading for the six month period to 30 September has been strong. As a consequence the Board predicts that revenue and profits for the full year will be materially ahead of previous expectations. Additionally the company’s robust cash position has allowed them to bring forward planned investment in the team to increase operational capability, in line with order growth.
Tommy Cook, CEO added; “…whilst we remain cautious with regards to the ongoing global semiconductor shortages, the strength in customer orders in the first half of the year provides us with confidence that the full year revenue and profits will exceed that of the record prior year and mark another considerable step forward for Calnex, as we continue to capitalise on the industry’s transitions to 5G and the growth of cloud computing.”
In the interview below CEO Tommy Cook provides an overview of the business, the market within which they operate and future growth plans
VIDEO: Calnex Solutions
Calnex Solutions Video