Ultra Electronics trading in line, upbeat on 2019 outlook

3rd May 2019 07:31

(Sharecast News) - Ultra Electronics said on Friday that it was seeing further positive developments in its order book and continues to trade in line with expectations.In a very brief statement ahead of its annual general meeting in London, the company said its new 'Focus, Fix, Grow' initiative and move to average working capital throughout the year is producing positive early results."The board remains confident that 2019 will be a year of good underlying progress."