VIDEO: Ultra Electronics walks through strong 2019 results in analyst presentation (piworld) (ULE)

By Patricia Miller


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On Tuesday, FTSE 250-listed defence & aerospace, security, transport and energy firm Ultra Electronics (LSE:ULE) shot up 6% to 2,068p a share on the release of its results for the year ended 31 December 2019.

The firm reported pretax profits of £91 million – more than double the £42.6 it made in 2018 – on revenues of £825.4 million.

Elsewhere, the company said it ended the results period with a “healthy” £1.02 billion order book and was not currently being hit by the global spread of coronavirus.

In the video below, provided by piworld, Ultra’s CEO Simon Pryce and CFO Jos Sclater discuss the results in more details for analysts.

piworld provides content for investors, by investors.

The organisation aims to help private investors get closer to companies and their management and – in turn – make more informed investment decisions.

Videos include:

•             Company results presentations

•             Management interviews

•             Company visits

•             Enlightened educational investor videos with investors, opinion formers, and industry leaders

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This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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