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Ultra Electronics Holdings PLC (ULE.L)

ULE.L on London Stock Exchange

1,613.00GBp
20 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Ultra Electronics HY Underlying Pretax Profit Falls To 43.6 Mln Stg
Monday, 6 Aug 2018 

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 

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 

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 

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 

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 

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 

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 

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

Ultra Electronics expects U.S. DOJ decision on Sparton deal by March
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Sparton Corp :ULTRA ELECTRONICS HOLDINGS PLC - ‍PROVIDES AN UPDATE ON HART-SCOTT-RODINO APPROVAL PROCESS FOR ULTRA'S PENDING ACQUISITION OF SPARTON​.ULTRA ELECTRONICS - ‍ENTERED INTO A TIMING AGREEMENT WITH US DOJ WHICH SETS TIME TARGETS FOR ULTRA'S FURTHER DOCUMENT SUBMISSION​.ULTRA ELECTRONICS HOLDINGS PLC - ‍TARGET IS TO SUBMIT ALL REQUESTED DOCUMENTATION BY 30 NOVEMBER 2017​.ULTRA ELECTRONICS HOLDINGS PLC - ‍A DECISION FROM DOJ IS NOW EXPECTED AT END OF MARCH 2018​.  Full Article

Ultra Electronics awarded $16 mln in contracts for hippag stores ejections systems​
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Ultra Electronics Holdings Plc :ULTRA ELECTRONICS - CONTRACT WIN.‍ULTRA ELECTRONICS PCS AWARDED $16M IN CONTRACTS FOR ADDITIONAL HIPPAG STORES EJECTIONS SYSTEMS​.CONTRACTS SEE PCS SUPPLY ADDITIONAL TRANCHES OF HIPPAG STORES EJECTION SYSTEMS FOR FRONT LINE U.S. AND INTERNATIONAL STRIKE AIRCRAFT​.  Full Article

Ultra Electronics warns on FY profit as Herley unit costs weigh

June 27 Ultra Electronics Holdings Plc expects full-year operating profit at constant currencies to fall by as much as 6 million pounds ($7.9 million) and said its Herley business is continuing to be hurt by additional costs on development contracts.