A TECHNOLOGY company expects annual revenue of £35.4 million when its results for the financial year are announced in six weeks time.

Filtronic, which started in Shipley but is now based in Yeadon, said trading during the fourth quarter continued in line with the improved outlook it announced last month.

It follows a strong end to the financial year for the electronics equipment group.

Subject to audit, the firm’s board is now expecting revenue two a half times the 2016 figure of £13.6m.

In addition they expect operating profit to be £1.7m in the 2017 financial year, up considerably from the £6.8m operating loss of last year.

The 2017 figures are made up of £30.5m from the Filtronic Wireless business, which more than tripled its sales revenue in the year. In addition sales revenue in the Filtronic Broadband business was approximately £4.9m for the year, a year-on-year sales growth of 7 per cent.

Rob Smith, CEO of Filtronic plc, said: “Tremendous progress was made through FY2017 that has resulted in the Group achieving both profitability and cash generation.

“We are mindful that our revenues have historically been very concentrated and we are working hard to broaden our customer base and product range so that the business is more robust.”

Filtronic Wireless showed a strong recovery of filter products revenue in the final quarter. The firm said that demand in the telecommunications infrastructure market was inherently difficult to predict, but it anticipated the level of activity in the final quarter to continue into the first quarter of the next financial year.

It added that some new orders had been recently secured that are expected to be fulfilled in the next couple of months.

The weakness in Filtronic Broadband in the second half of the financial year was attributable to a decrease in demand from the firm’s main customer for its Orpheus e-band transceiver.

But Filtronic confirmed that it had secured new customers for this product, and referred to a deal it signed in December, supplying specialist high-frequency modules for a defence-related aerospace application.

The firm is to announce its full year results on August 1