Former glamour stock Wolfson Microelectronics will demonstrate that it is still firmly on the growth track in 2005 even if some of the numbers do not match up to the stock market’s early inflated expectations.
While its customers in the DVD market may have experienced a disappointing Christmas, brokers still expect a modest profits increase to around £16m for 2004 while Evolution Securities reckon that the group could make as much as £31m in the current period.
Wolfson shares have shown signs of recovery at the current level of around 14lp – down from a peak of 322p – although some remain wary of its exposure to China and the Far East.
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