Record year for Pace

Set-top manufacturer Pace has revealed that 2009 was a record year for the company.

Despite preliminary financial results for the year not being released until March 2, CEO Neil Gaydon said the company was on target to meet managerial expectations for the 12 months ended December 31. “2009 was a record year for Pace with excellent growth in shipments, revenue and profitability as we delivered against our strategic, commercial and operational targets” he said. “We also continued our careful management of the balance sheet, closing the year with a positive net cash balance of over £70m (€78m).”


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