Altron expects revenue jump — and a big earnings drop

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Altron has informed shareholders that it expects to report a big drop in earnings along with a substantial rise in revenue during its full-year results.

Altron has informed shareholders that it expects to report substantial increases in revenue and earnings in its annual financial results for the year ended 28 February 2023.

“Notwithstanding the increasingly tough trading conditions, the Group’s continuing operations have pleasingly delivered robust double-digit revenue growth year-on-year, evidencing Altron’s resilient high annuity base,” the company said. “Both businesses are implementing their accelerated performance improvement strategies, which are gaining positive momentum in FY24,” it said.

Improved hardware sales in Altron FinTech, Altron Managed Solutions , and Altron Arrow on the back of intensifying product demand.

 

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