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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%
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