Filtronic (LON: FTC) shares jumped at the open on Monday after telling investors its trading performance is exceeding expectations.
The company, listed on AIM under the ticker FTC, revealed that order intake for the current financial year is outpacing previous forecasts.
The brief update sents Filtronic’s stock to a high of 99p a share shortly after the open. At the time of writing, it is up over 5% at 95p apiece.
The move continues the stock’s ascent over the last couple of years. In the last 12 months alone, it has surged more than 375%, while it is up more than 26% for the year-to-date already.
The designer and manufacturer of products for the aerospace, defense, space and telecoms infrastructure markets said the positive development have led it to anticipate full-year results surpassing the recently upgraded market expectations.
The update signals robust demand across Filtronic’s key markets, potentially highlighting the strength of its product offerings and operational execution.
Filtronic's performance comes as the aerospace and defence industries experience increased activity, with technological advancements and infrastructure investments driving demand.
The company's expertise in producing critical components for these sectors places it in a favourable position to capitalise on emerging opportunities.
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