CML Microsystems PLC Interim Management Statement (6057T)
31 Mars 2016 - 8:00AM
UK Regulatory
TIDMCML
RNS Number : 6057T
CML Microsystems PLC
31 March 2016
CML Microsystems Plc
Interim Management Statement
CML Microsystems Plc ("the Group"), which designs, manufactures
and markets mixed-signal and RF semiconductors, primarily for
global communication and solid state storage markets, today issues
the following Interim Management Statement. This statement refers
to the Group's trading performance for the period from 1 October
2015 to 30 March 2016.
Trading Update
The Group's operating results are on course to meet market
expectations conveyed at the time of the half yearly results in
November 2015, which were for a second half sequential revenue
improvement and a full year advance in profitability.
New order bookings firmed as the period progressed and it is
noteworthy that orders were received relating to the one or two
customer product launches that had previously been delayed.
February saw the launch of an additional Storage IC in keeping
with the strategy to expand the product range to encompass
compatibility with the leading host interface standards that
dominate our addressable markets.
Within Wireless, new products were launched that increase the
functionality of the Group's voice and data-centric semiconductor
solutions and improve our ability to benefit from the growth
expected from the end-application areas.
Margins and operating costs have remained within their target
ranges, leading to healthy Group cash generation.
There have been no other material events or transactions to
report since 1 October 2015.
Outlook
Customer demand from the end markets in which the Group operates
continues to be difficult to predict however, the Board currently
expects that the business strategy being followed will uphold
expectations for a further trading improvement over the year
ahead.
CML Microsystems plc www.cmlmicroplc.com
Chris Gurry, Group Managing Director Tel: +44 (0)1621 875 500
Neil Pritchard, Group Financial
Director
Cenkos Securities plc Tel: +44 (0)20 7397 8900
Jeremy Warner Allen (Sales)
Max Hartley (Corporate Finance)
SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470
Jeff Keating
Walbrook PR Ltd Tel: +44 (0)20 7933 8780 / cml@walbrookpr.com
Paul Cornelius
Helen Cresswell
This information is provided by RNS
The company news service from the London Stock Exchange
END
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