CML Microsystems PLC Interim Management Statement (8356X)
14 Février 2013 - 8:00AM
UK Regulatory
TIDMCML
RNS Number : 8356X
CML Microsystems PLC
14 February 2013
CML Microsystems Plc
Interim Management Statement
CML Microsystems Plc ("the Group"), which designs, manufactures
and markets a broad range of semiconductors, primarily for global
communication and data storage markets, today issues the following
Interim Management Statement. This statement refers to the Group's
trading results for the period from 1 October 2012 to 13 February
2013 and is provided in accordance with the requirements of the UK
Listing Authority's Disclosure and Transparency Rules.
Trading Update
The Group's operating results continue to be ahead of the prior
year comparable period and slightly exceed the Board's earlier
expectations.
Within the target industrial Storage markets, demand for the
Group's PATA flash memory controller solutions remains robust
whilst customer adoption of the SATA controllers continues to
proceed according to plan. Customers are expected to commence
production of their CFast and 2.5" SSD products over the coming
months.
As expected, the shipment and new order intake levels for
Wireless semiconductor products has improved following the weaker
comparable first half revenues reported at the Interim stage. A
tier one PMR handset maker is now in full production with a
professional radio based upon a Group multi-chip solution
delivering high performance RF and baseband processing
functionality.
Gross margins and operating costs have remained stable allowing
the Group's net cash balance to strengthen further.
Board update
The Group's founder and non-executive Chairman, George Gurry,
has informed the Board that he intends to relinquish his current
position during the next full financial year but intends to remain
a non-executive director. Separately, the Board expects to appoint
a new independent non-executive director and an announcement will
be made in the coming weeks.
There have been no other material events or transactions to
report since 1 October 2012.
Outlook
The Group continues to see good demand for its products. Newer
Storage and Wireless product introductions are gaining momentum
amongst their respective customer bases and the Board remains
confident that another full year of solid growth will be achieved
to 31 March 2013.
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Managing Director Tel: 01621 875 500
Nigel Clark, Financial Director
Cenkos Securities plc
Jeremy Warner Allen (Sales) Tel: 020 7397 8900
Max Hartley (Corporate Finance)
Walbrook PR Ltd Tel: 020 7933 8780
Paul McManus paul.mcmanus@walbrookpr.com
Helen Westaway helen.westaway@walbrookpr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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