Pace building through year

April 24, 2014 08.58 Europe/London By Julian Clover

Allan LeightonPace chairman Allan Leighton will today tell the Annual General Meeting of Pace that demand for current and new products is building as the year progresses.

In his Interim Management Statement for the period 1 January 2014 to 23 April 2014 Leighton will say the pay-TV technology company will deliver revenues lower than the same period in 2013 reflecting the impact of dual-sourcing of Media Servers and Gateways.

Leighton will also return to the company’s Strategic Plan, where he says “good headway” has been made. “We continue to drive further efficiencies in the core Pace business and have made a good start in applying the principles and processes to Aurora to drive improvements in cost of goods, overheads and working capital”.

The acquisition of Aurora Networks closed on January 6, 2014 with the company expected to make a significant contribution to revenues.