logo-loader
viewBATM Advanced Communications Ltd

BATM Advanced Communications lays groundwork for strong growth in 2018

Zvi Marom, chief executive of BATM Advanced Communications Limited (LON:BVC), tells Proactive results for 2017 came in ahead of expectations in what he's termed a milestone year for the group.

Revenue rose 18% to US$107.1mln in 2017 from US$90.4mln the year before, a tad ahead of the US$106mln predicted in a trading update two weeks ago.

The bio-medical division, which accounted for 54% of revenue, saw the top line rise 11.2% to US$57.4mln from US$51.6mln the previous year.

The networking and cyber division’s revenue returned to growth, with sales up 28.3% to US$49.4mln from US$38.5mln the previous year.

Quick facts: BATM Advanced Communications Ltd

Price: 127.5 GBX

LSE:BVC
Market: LSE
Market Cap: £561.36 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of BATM Advanced Communications Ltd named herein, including the promotion by the Company of BATM Advanced Communications Ltd in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

BATM lands 'significant' follow-on government contract

BATM Advanced Communications Limited's (LON:BVC) Zvi Marom tells Proactive that the company has secured a 'significant' follow-on contract from a government defence department. Marom adds that the company is running several proofs of concept with the aim to spread the company's client...

on 11/6/18

2 min read