CML Cml Microsystems Plc

RNS Number:0841S
CML Microsystems PLC
27 February 2002

                              CML Microsystems Plc

               Trading Update; Full Year Profits still anticipated

CML Microsystems Plc ("CML" or "the Group"), which designs, manufactures and
markets a broad range of semiconductor products primarily for the global
communications market, including narrow band wireless data, wireline
telecommunications and private mobile data, announces the following statement
with regard to trading for the current financial year to 31 March 2002.  The
Group's full year results are due to be announced in June.

At the time of CML announcing its interim results in November 2001,
semiconductor shipments were running significantly below anticipated levels and
this was coupled with poor visibility for shipments in the fourth and final
quarter of the current year.  As a result of this there was a severe reduction
in market expectations for the Group's trading results for this financial year.

Negative market conditions still prevail across all markets where CML is present
- the UK, Continental Europe, Asia and North America - and it is now clear that
the shipments for the fourth quarter will fall some way short of revised
expectations. Although overheads have now been reduced, the cost savings will
only add a small benefit to CML's second half's results.  Regrettably, it is now
clear that expectations for the Group to make a small profit in the second half
are unrealistic although profitability for the year as a whole should be
maintained.

Commenting on prospects, CML Chairman George Gurry said: "With no improvement in
visibility for the short term and no immediate signs of recovery I must now also
expect a difficult first half for next year. Despite adverse conditions, the
Group remains focused on investing for organic growth whilst pursuing an
acquisition policy likely to benefit from evolving opportunities that should
present themselves given the market's downturn.  Like other members of the board
I remain confident that the Group is well placed to return significant growth as
its global market conditions improve."


ENDS



Enquiries:


              Nigel Clark                      CML Microsystems Plc                              01621 875500
              Chris Gurry                      CML Microsystems Plc                              01621 875500
        Simon Ellis/Peter Binns                 Binns & Co. PR Ltd                              020 7786 9600


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            The company news service from the London Stock Exchange

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