Concurrent Tech to overshoot market consensus amid growing demand
Concurrent Technologies PLC said it expects to beat market expectations in 2025, as its Systems business unit is on track for relocation into a new facility in Los Angeles to meet the growing demand for its products.
The Colchester, England-based designer and manufacturer of computer products for use in critical embedded applications said pretax profit rose 17% to £2.7 million in the first half of 2025 from £2.3 million a year ago.
Revenue jumped 26% to £21.1 million from £16.8 million.
The company said that it made progress with its Colchester facility to improve capacity by the end of 2026, while the Systems business unit is on track for relocation into a new facility in the Brea region of Los Angeles in the second half of 2025 aimed at meeting the growing demand for the company’s products.
Order intake improved 25% to £22.3 million from £17.8 million.
Looking ahead, Concurrent Tech said it is confident in delivering a financial performance ahead of 2025 market expectations, which it cites as revenue of £43 million and pretax profit of £6 million. For 2024, the firm had reported revenue of £40.3 million and pretax profit of £5.2 million.
The company said focus remained on converting the ‘strong’ sales pipeline which is buoyed by the continued delivery of technology that ‘reinforces Concurrent’s competitive advantage.’
Chief Executive Officer Miles Adcock said: ‘The momentum we’ve built in the first half, along with robust order intake and disciplined investment, reinforces our confidence in the full-year outlook. While we are closely monitoring the broader macroeconomic and geopolitical landscape, the group is well-positioned to continue delivering on its long-term growth ambitions.’
Concurrent Tech shares were down 1.4% at 184.36 pence each on Monday morning in London.
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