Pace on track

Set top box maker Pace said it was on course to meet management expectations as it delivered a bullish trading update. “As anticipated in the half yearly statement, average selling prices are increasing in the second half of 2009 when compared to the first half due to a greater proportion of HD PVRs in the product mix. Operating margin for the full year is expected to increase slightly over the first half."

“Therefore, given current market strengths, Pace’s position and good order visibility, the group continues to be confident in management’s expectations for the full year 2009.” During the period, Pace announced a series of HD contract wins with operators that included Europe’s largest cable TV company UPC Broadband, satellite operator Viasat in Scandinavia, Brazil’s NET Serviços and new customer Sky in Germany.

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