Rakon, an international leader in frequency control and timing solutions, has announced it expects its Underlying EBITDA for the year to 31 March 2023 to range between $36 million and $44 million, with even the bottom of this range representing the second-best ever reported by the company.
Rakon Chief Executive Dr Sinan Altug said that investments, the transition to the new Bengaluru, India facility and inflation pressures will moderate the result, with the outcome subject to a number of uncertainties.
Further detail will be provided at Rakon's annual meeting today.
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