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Ultra H1 sales increase with defence contract wins

07 August 2019
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Ultra Electronics announced a double-digit percentage sales increase on 7 August, as well as a higher orderbook for the first six months of 2019.

Revenues increased by 10.4% compared with the first half (H1) of 2018 with organic growth in all three of its divisions (Aerospace & Infrastructure, Communications & Security, and Maritime & Land).

Ultra Electronics financials, H1 2019 (GBP million)

H1 2019

H1 2018

% change

Sales387.1350.510.4
Orderbook1,014.1969.24.6
Underlying operating profits52.947.910.4
Underlying pre-tax profits46.543.66.7
Source: Ultra Electronics, August 2019

The revenue figures partly reflected the weakening of the sterling in H1 2019, but they were also driven by new defence contracts, especially in the US market.

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