Sepura PLC

("the Company" or "the Group")

Trading update

Sepura plc, a leading global provider of critical communications solutions, today issues the following trading update for the year ended 27 March 2015.

Highlights

·     Revenues of approximately €130m for the period, an increase of 11% over the prior year

·     Adjusted diluted EPS in line with market expectations

·     Operating cash conversion of approximately 85% with closing net debt of €1.2m

·     Record closing order book, up significantly over prior year, with particularly strong activity in Q4

Trading update

The Company expects to report revenues of approximately €130m, up 11% over the prior year and in line with market expectations.

The Company also expects to report adjusted diluted EPS of 9.7 cents per share, notwithstanding material unfavourable foreign exchange variances during the period. Operating cash conversion in the period was approximately 85%, with closing net debt of €1.2m. This closing net debt figure partly reflects delays in receipt of payments due from Greece and the Middle East.

The Company ended the year with a record closing order book, up significantly over the prior year, and boosted by particularly strong momentum in Q4. 

The Company plans to issue its Preliminary Results Announcement for the period ended 27 March 2015 on 9 June 2015.

- Ends -

Further information:

Cautionary statement

This trading statement contains certain forward-looking statements with respect to the operations, performance and financial condition of Sepura. By their nature, future events and circumstances can cause results and developments to differ from those anticipated.  Nothing in this trading statement should be construed as a profit forecast. No undertaking is given to update the forward-looking statements whether as a result of new information, future events or otherwise.

Notes to Editors

Sepura is a leading global provider of critical communications solutions for the PMR market. The Group designs, develops and supplies digital radio solutions, complementary accessories, support tools and devices that are used by a wide range of public safety and commercial organisations.

The Group's strategy is to expand its addressable market, through organic product development and the acquisition of complementary products and technologies. The successful execution of this strategy has transformed the Group from being a UK-focused terminals supplier into a geographically and technologically diverse supplier of complete mission critical communications solutions.

Headquartered in Cambridge, England and employing over 400 staff, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007.

www.sepura.com