CML Microsystems PLC Trading Update and Notice of Results (2236H)
05 Avril 2022 - 8:00AM
UK Regulatory
TIDMCML
RNS Number : 2236H
CML Microsystems PLC
05 April 2022
5 April 2022
CML Microsystems Plc
("CML", the "Company" or the "Group")
Trading Update and Notice of Results
CML Microsystems Plc (the "Group" or the "Company"), the
developer of mixed-signal, RF and microwave semiconductors for
global communications markets, is pleased to today issue a trading
update for the year ended 31 March 2022.
The Board is pleased to report that trading for the full year is
expected to be slightly ahead of current market expectations.
The very healthy net cash position recorded at the interim stage
has been further boosted through a combination of positive trading
and the sale of one of the Group's investment property assets. The
cash position at 31 March 2022 was circa GBP25m and the Group
remains debt free. The Group's significant cash balance provides
financial flexibility to maximise its future growth potential. All
figures are unaudited.
Research and development activities along with operational
investments to support the market introduction of new products
continue to gather pace. The forward order book remains strong,
with scheduled shipments stretching beyond twelve months.
Well documented supply chain challenges are still a feature of
the general semiconductor market although the Group continues to
manage the situation well and has been successful at minimising the
impact to our customer base.
The Board remains confident in the Group's strategy to deliver
significant, sustainable growth over the coming years.
Notice of Results
CML will publish its Full Year Results for the period to 31
March 2022 on Tuesday 14 June 2022.
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Director Tel: +44(0)1621 875 500
Nigel Clark, Executive Chairman
Shore Capital Tel: +44(0)20 7408 4090
Toby Gibbs
James Thomas
John More
Fiona Conroy - Corporate Broking
Alma PR Tel: +44 (0)20 3405 0212
Josh Royston
Andy Bryant
Matthew Young
About CML Microsystems PLC
CML develops mixed-signal, RF and microwave semiconductors for
global communications markets. The Group utilises a combination of
outsourced manufacturing and in-house testing with trading
operations in the UK, Asia and USA. CML targets sub-segments within
Communication 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 commercial and industrial
product manufacturers.
The spread of its customers and diversity of the product range
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 appetite for data to
be transmitted faster and more securely, the upgrading of telecoms
infrastructure around the world and the growing prevalence of
private commercial wireless networks for voice and/or data
communications linked to the industrial internet of things
(IIoT).
The Group is cash-generative, has no debt and is dividend paying
.
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END
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