17 Apr 2018

Hytera reports 56% YoY increase in revenue for 2017

According to Hytera’s Annual Report, the Chinese company generated CNY 5.4 billion (£600 million) in revenue in 2017, up 56 per cent year-on-year. 2017 was the year that the company completed its acquisition of Sepura Group (including its subsidiaries, Teltronic and PowerTrunk) and Norsat.

Revenue from mainland China, possibly the closest proxy available for underlying organic growth rose by 8.9 per cent year-on-year. Revenue from territories outside of mainland China including the newly acquired subsidiaries rose by 115 per cent and accounted for 60 per cent of Hytera’s total revenue.

As might be expected, given the transition that many users are making from analogue to digital radio communications, revenues from analogue products were down 7.9 per cent, while revenue from Hytera’s digital products saw a 66 per cent year-on-year increase.

The revenue contribution from the company's systems portfolio increased significantly, accounting for 37 per cent of total revenue with 90 per cent year-on-year growth.

Hytera’s purchase of Sepura has enhanced the former’s TETRA portfolio through through the integration of Sepura’s TETRA terminals and infrastructure product lines, and significantly enhanced the Group’s technical capabilities in TETRA. The purchase of Canada-based Norsat has enabled Hytera to enter the field of satellite communications, allowing it to provide PMR users with more integrated solutions.