5 January 2022
Concurrent Technologies Plc
(the 'Company')
Post-Close Trading Update
Concurrent Technologies Plc (AIM: CNC), a world leading specialist in high-end embedded computer products for critical applications, announces a trading update for the year ending 31 December 2021.
Based on its unaudited management accounts for 2021, the Company expects to report revenues and profitability slightly ahead of market expectations despite the ongoing challenges that the worldwide component supply chain is experiencing. Whilst the component issues are ongoing, the Company enters 2022 with a robust order book and an exciting pipeline of innovative product releases to grow our customer base and revenues in 2022 and beyond.
The Company also expects to pay a final dividend to shareholders and to pay this after the final results for 2021 are announced.
Dr Miles Adcock commented:
“I am delighted with the 2021 trading performance, in particular how the experienced management team and dedicated staff enabled Concurrent to minimise impact of the global supply chain issues, and I am confident in the long term prospects for the business.”