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Ultra Electronics Holdings PLC (ULE.L)

ULE.L on London Stock Exchange

1,350.00GBp
14 Dec 2018
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53.00 (+4.09%)
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Latest Key Developments (Source: Significant Developments)

Ultra Electronics Says FY Performance Remains In Line With Expectations
Thursday, 13 Dec 2018 02:00am EST 

Dec 13 (Reuters) - Ultra Electronics Holdings PLC ::GROUP'S FULL YEAR TRADING PERFORMANCE REMAINS IN LINE WITH EXPECTATIONS SET AT ULTRA'S INTERIM RESULTS ON 6 AUGUST 2018.CONTINUES TO EXPERIENCE STRONG ORDER INFLOW AND REMAINS FOCUSED ON EXECUTION AND DELIVERY WHILE CONTINUING TO WIN NEW BUSINESS.EXPERIENCING INCREASED WORKING CAPITAL REQUIREMENTS, THIS IS CURRENTLY EXPECTED TO RESULT IN 2018 CASH CONVERSION IN 65%-75% RANGE.REMAINS WELL POSITIONED IN AREAS OF PRIORITY SPEND WITH SIGNIFICANT EXPOSURE TO STRENGTHENING US DEFENCE BUDGET.CONTINUED CONFIDENCE IN LONGER-TERM OUTLOOK.  Full Article

Ultra Electronics Sells Airport Systems Business For 22 Mln Stg
Friday, 2 Nov 2018 03:00am EDT 

Nov 2 (Reuters) - Ultra Electronics Holdings PLC ::DISPOSAL.PROPOSED DEAL FOR £22M.ULTRA DIVESTS ITS AIRPORT SYSTEMS BUSINESS TO ADB SAFEGATE.  Full Article

Ultra Electronics HY Underlying Pretax Profit Falls To 43.6 Mln Stg
Monday, 6 Aug 2018 02:00am EDT 

Aug 6 (Reuters) - Ultra Electronics Holdings PLC ::HY REVENUE 350.5 MILLION POUNDS VERSUS 366.4 MILLION POUNDS YEAR AGO.INTERIM DIVIDEND PER SHARE 14.6 PENCE VERSUS 14.6 PENCE YEAR AGO.HY UNDERLYING PBT 43.6 MILLION POUNDS VERSUS 52.3 MILLION POUNDS YEAR AGO.SAYS EXPECTATIONS FOR 2018 ARE UNCHANGED FROM RECENT PRE-CLOSE TRADING STATEMENT.  Full Article

Ultra Electronics Anticipates FY Group Operating Profit At Constant Currencies To Be Reduced By 4 Mln Pounds - 6 Mln Pounds
Wednesday, 27 Jun 2018 02:00am EDT 

June 27 (Reuters) - Ultra Electronics Holdings PLC ::ISSUES ITS PRE-CLOSE TRADING STATEMENT, AHEAD OF ITS INTERIM RESULTS FOR 2018.MAJORITY OF GROUP'S OPERATIONS HAVE HAD BETTER THAN ANTICIPATED ORDER INTAKE IN H1.MAJORITY OF COS OPERATIONS EXPECTED TO DELIVER H1 REVENUE, OPERATING PERFORMANCES BROADLY IN LINE WITH MANAGEMENT EXPECTATIONS.MANAGEMENT NOW ANTICIPATE EXPECTATIONS FOR GROUP'S OPERATING PROFIT AT CONSTANT CURRENCIES FOR FY TO BE REDUCED BY £4M-£6M.HERLEY CONTINUES TO BE IMPACTED BY COST OVERRUNS ON DEVELOPMENT CONTRACTS; HERLEY ANTICIPATES SOME RECOVERY IN H2.ORDER BOOK AT £972M AT MAY-END WAS STRONG WITH OPENING ORDER COVER FOR H2 EXPECTED TO BE HIGHER THAN IN RECENT YEARS.OVERALL MARKET BACKGROUND FOR ULTRA IS MORE POSITIVE, REFLECTING IN PARTICULAR IMPROVING US DEFENCE MARKET.  Full Article

Ultra Electronics Says Trading, Cash Performance Will Be More Heavily Weighted To H2
Friday, 27 Apr 2018 02:00am EDT 

April 27 (Reuters) - Ultra Electronics Holdings PLC ::GROUP'S TRADING AND CASH PERFORMANCE WILL BE MORE HEAVILY WEIGHTED TO SECOND HALF OF YEAR.SECURED HIGHER VOLUME OF ORDERS IN Q1 COMPARED TO RECENT YEARS AND THIS RESULTED IN AN IMPROVED ORDER BOOK OF £933M AT END OF MARCH 2018.CONDITIONS IN ULTRA'S MARKETS HAVE REMAINED AS NOTED ON 5 MARCH 2018 IN 2017 PRELIMINARY RESULTS ANNOUNCEMENT.  Full Article

Ultra Electronics Holdings Expects Full Year Revenue To Be Over 770 Mln Pounds
Thursday, 11 Jan 2018 02:00am EST 

Jan 11 (Reuters) - Ultra Electronics Holdings Plc ::GROUP TRADING REMAINS IN LINE WITH ANNOUNCEMENT MADE ON 10 NOVEMBER 2017.‍FULL YEAR REVENUE IS EXPECTED TO BE OVER £770M AND UNDERLYING OPERATING PROFIT JUST OVER £120 MILLION​.ORDER INTAKE HAS CONTINUED TO BE STRONG AT AROUND £900M IN FY 2017.CASH CONVERSION IS EXPECTED ABOVE 90% AND FOLLOWS CASH CONVERSION OF 92% FOR YEAR ENDED 31 DECEMBER 2016.ULTRA ELECTRONICS HOLDINGS - ‍BOARD REMAINS MINDED TO RECOMMEND A FINAL DIVIDEND OF 35P PER SHARE AND WILL FINALISE WHEN GROUP ANNOUNCES FY RESULTS​.ENTERS YEAR WITH AN ORDER COVER ON EXPECTED 2018 REVENUES OF AROUND 62%, COMPARED WITH APPROXIMATELY 56% IN 2017.‍TRADING PERFORMANCE FOR EACH HALF OF 2018 IS EXPECTED TO BE APPROXIMATELY 48%:52%​.MEDIUM TERM GUIDANCE FOR CASH CONVERSION REMAINS IN LINE WITH 80% TO 85% LEVELS MENTIONED IN ANNOUNCEMENT OF 10 NOV.SEARCH FOR A NEW CHIEF EXECUTIVE IS UNDERWAY.  Full Article

Ultra Electronics Wins Two Contracts
Monday, 27 Nov 2017 02:00am EST 

Nov 27 (Reuters) - Ultra Electronics Holdings Plc ::ULTRA ELECTRONICS - CONTRACT WINS.ULTRA ELECTRONICS - ‍GROUP'S COMMUNICATION & INTEGRATED SYSTEMS (CIS) BUSINESS HAS BEEN AWARDED A UK CONTRACT VALUED AT £16.6 MILLION​.ULTRA ELECTRONICS HOLDINGS PLC - ‍GROUP WILL ALSO PROVIDE SPECIALIST SUPPORT OVER COURSE OF SYSTEM'S USE​.ULTRA ELECTRONICS HOLDINGS PLC - ‍PRECISION CONTROL SYSTEMS (PCS) BUSINESS HAS BEEN AWARDED A CONTRACT VALUED AT £9 MILLION​.  Full Article

Ultra Electronics announces completion of CFIUS process
Tuesday, 21 Nov 2017 02:00am EST 

Nov 21 (Reuters) - ULTRA ELECTRONICS HOLDINGS PLC ::SAYS THAT ON NOV 20 COMMITTEE ON FOREIGN INVESTMENT IN UNITED STATES (CFIUS) COMPLETED ITS REVIEW PROCESS.CFIUS STATED THERE ARE NO UNRESOLVED NATIONAL SECURITY CONCERNS WITH RESPECT TO ULTRA'S PROPOSED ACQUISITION OF SPARTON CORP.  Full Article

Ultra Electronics says Rakesh Sharma has stepped down as Chief Executive​
Monday, 13 Nov 2017 02:00am EST 

Nov 13 (Reuters) - ULTRA ELECTRONICS HOLDINGS PLC ::RAKESH SHARMA HAS STEPPED DOWN AS CHIEF EXECUTIVE AND FROM BOARD WITH IMMEDIATE EFFECT.​.‍BOARD HAS ASKED CURRENT CHAIRMAN, DOUGLAS CASTER, TO ASSUME ROLE OF EXECUTIVE CHAIRMAN UNTIL A SUCCESSOR IS APPOINTED​.  Full Article

Ultra Electronics sees FY revenue of around 770 mln stg
Monday, 13 Nov 2017 02:00am EST 

Nov 13 (Reuters) - Ultra Electronics Holdings Plc ::MAJORITY OF GROUP'S MARKETS HAVE BEEN SATISFACTORY, HOWEVER UK MARKET HAS BEEN DIFFICULT AND HAS BECOME INCREASINGLY SO IN SECOND HALF​.‍EXPECTS FULL YEAR TOTAL REVENUE TO BE AROUND £770M AND ORGANIC REVENUE TO SHOW A DECLINE OF ABOUT 4%.​.‍UNDERLYING OPERATING PROFIT FOR FULL YEAR IS EXPECTED TO BE APPROXIMATELY £120M.​.‍TO RECOMMEND A FINAL DIVIDEND OF 35.0P PER SHARE​.‍AT END OF OCTOBER, ORDER BOOK FOR DELIVERY IN 2018 AT CONSTANT CURRENCIES WAS OVER 20% HIGHER THAN AT SAME DATE LAST YEAR.​.  Full Article

UPDATE 1-Ultra Electronics warns on FY profit, sees recovery in Herley unit

June 27 British defence contractor Ultra Electronics Holdings Plc expects full-year operating profit to drop as much as 6 million pounds ($7.9 million) and said its Herley business is being hurt by additional costs on development contracts.