Filtronic on target for further EBITDA growth
AIM-listed electronics manufacturer Filtronic is on track for a third consecutive year of EBITDA growth following a strong performance in its interim results.
The company reported adjusted EBITDA of £1.1m for the six months ended 30 November 2021, up from £600,000 in the same period of 2020.
Revenue also increased to £8m from £7.1m the previous year.
During the period, Filtronic secured a contract from a RF test equipment company in the US valued at $800,000 (£600,000) for the pilot phase of the development supplying RF front-end modules for next generation over-the-air 5G test equipment.
Jonathan Neale was appointed as non-executive chairman. Neale was previously chief operating officer of McLaren Group and, prior to that, he was the CEO of McLaren Racing F1 and managing director of Hawk Military Aircraft at BAE Systems UK.
Neale said: “We are confident we will achieve a third consecutive year of EBITDA growth despite the headwinds of supply chain disruption from global semiconductor shortages. Coupled with a healthy cash position, this provides a robust platform to further develop the business and continue investing in revenue growth initiatives and the technology roadmap.
“The board and management team are highly motivated to build on this and execute the strategic plan with a desire and focus to drive and deliver shareholder value.
“Recent investments in product development and operational capability align with the UK government’s ambition for sovereign capability within the core markets we serve, as well as emerging markets such as Low Earth Orbit Space. This positions us well to capitalise on these opportunities and we are now starting to see the flow down into the supply chain and our opportunity pipeline.
“To this end, we are confident we can achieve our key strategic objective of broadening the customer base to add to our recent contract win with a leading 5G over-the-air equipment provider.”
Filtronic is headquartered near Leeds and has a base in Sedgefield in Durham.
Other News
Follow NETPark On Social Media
Keep up to date with the latest NETPark news and events.

The North East Technology Park provides a dynamic and supportive environment to accelerate the growth of ambitious, innovative, high tech companies into global markets. NETPark encourages collaborative multidisciplinary links, driving innovation, enterprise and economic prosperity.
We provide companies with access to a focused and international community where talent flourishes, ideas are generated and businesses have the support and resources to compete with the best in the world.
NETPark North East Technology Park
NETPark, North East Technology Park,
Sedgefield, County Durham TS21 3FD
Call Us: (+44) 01740 625250
Email: enquiries@northeasttechnologypark.com
Web: northeasttechnologypark.com
We initially came because of the printable electronics centre but access to a highly skilled semi conductor workforce in the North East has been a key factor in us staying and growing here, as well as the value for money office space and the access to funding.
Access to quality facilities was one of the main drivers for deciding to locate the business at the NETPark. We have been able to use this as a launch pad to link into support from CPI and world-class expertise from Durham University.
The quality of the facilities at NETPark and the attitude of staff is first class. It has a really dynamic, innovative atmosphere.
CPI has developed a specialist offering to support SMEs looking to develop their printable electronics applications and our partnership with Business Durham has been instrumental in attracting several SMEs to locate here in the region.
It fits perfectly for us that we’re surrounded by like-minded companies at NETPark. There are a number of highly skilled people in the area who can help us grow our business. The facilities and services offered by NETPark are first class, they make office life simple and engaging.
The proximity to the universities and the infrastructure are very important factors. Ultimately having a presence in Europe is very valuable to us and we intend to stay at NETPark for many years to come.