Interim Results Broadly Positive for Industry

Until relatively recently, we ran a round-up of company results in the quarterly Industry Watch. We have replaced this with a periodic summary of central bank annual reports relating to cash, but continue to cover the companies in our sector with reviews of their interim and annual results.

This month we look at Spectra Systems, Crane NXT, Orell Füssli Security Printing, Brinks, Prosegur and NCR.

Spectra reports strong first half

Spectra Systems Corporation reported revenue of $11.6 million for the first half of this year, a 25% improvement over the first half last year. Adjusted EBITDA at $5.9 million exceeded the previous year’s first half results by 55%.

CEO Nabil Lawandy indicated that the increased revenues were derived principally from pre-production development contracts as well as larger demand for materials from a central bank customer. He also indicated that the company achieved key milestones with its sensor development contract and that it was now moving into the final phase of the programme.