CML Microsystems PLC Trading Update (6081Q)

TIDMCML

RNS Number : 6081Q

CML Microsystems PLC

22 October 2019

CML Microsystems Plc

(The "Company" or the "Group")

Half Year Trading Update

Notice of Results

CML Microsystems Plc, which designs, manufactures and markets semiconductor solutions primarily for global communication and solid state storage markets, today issues the following trading update for the period from 1 April 2019 to 30 September 2019.

As anticipated, and in accordance with management expectations, trading has remained stable across the first six months of the financial year, in line with the preceding six-month period.

The Board expects to report unaudited half-year results comprising Group revenue of GBP13.1m and a pre-tax profit of approximately GBP0.9m. Net cash reserves amounted to GBP11.2m at 30 September 2019 following payment of a GBP1m dividend in August in respect of the prior financial year.

The Company will publish its unaudited half year results for the period ended 30 September 2019 on Tuesday 19 November 2019.

 
 CML Microsystems Plc               www.cmlmicroplc.com 
  Chris Gurry, Group Managing        Tel: +44(0)1621 875 500 
  Director 
  Neil Pritchard, Group Financial 
  Director 
 Shore Capital                      Tel: +44(0)20 7408 4090 
  Edward Mansfield 
  James Thomas 
 SP Angel Corporate Finance         Tel: +44(0)20 3463 2260 
  LLP 
  Jeff Keating 
 Alma PR 
  Josh Royston                        Tel: +44 (0)20 3405 0212 
  Caroline Forde

About CML Microsystems PLC

CML designs and develops semiconductors for the industrial storage and communications markets. The Group has trading operations in Europe, the Far East and USA. CML targets niche markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading telecoms equipment providers and industrial product manufacturers.

The spread of its customers and products largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end markets is being driven by factors such as the ever increasing trend towards solid state storage devices in the commercial and industrial sectors, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial communications networks for voice and/or data communications linked to the industrial internet of things (IIoT).

The Group is cash-generative, has a net cash position and is dividend paying.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

TSTLLFLEIALLFIA

(END) Dow Jones Newswires

October 22, 2019 02:00 ET (06:00 GMT)

Cml Microsystems (LSE:CML)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024