CONCURRENT TECHNOLOGIES PLC — Earnings Release 2019

Jan 21, 2020

National Storage Mechanism | Additional information

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RNS Number : 3775A

Concurrent Technologies PLC

21 January 2020

21 January 2020

Concurrent Technologies Plc

(the 'Company')

Post-Close Trading Update

Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer products for critical applications in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, announces a trading update for the year ending 31 December 2019. 

Based on its unaudited management accounts for 2019, the Company confirms that it expects to report revenues slightly ahead of expectations, with underlying profitability in line with market forecasts. 

Concurrent Technologies Plc also expects to continue the practice of paying a further interim dividend to shareholders and to pay this on or before 6th April 2020.

Enquiries:

Concurrent Technologies Plc Jane Annear, Managing Director/CEO	+44 (0)1206 752626
Newgate (Financial PR) Bob Huxford Isabelle Smurfit	+44 (0)20 7653 9848 +44 (0)20 7653 3411
Cenkos Securities Plc (NOMAD) Neil McDonald Peter Lynch	+44 (0)131 220 9771 +44 (0)131 220 9772

Note to Editors:

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded computer products for use in a wide range of high performance, long life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest 9th generation embedded Intel® Core™ processors, Intel® Xeon® and Intel® Atom™ processors.  The products are designed to be compliant with industry specifications and support many of today's leading embedded Operating Systems.  The products are sold world-wide.

For more information on Concurrent Technologies Plc and its products please visit www.gocct.com.

All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners.

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