CML Microsystems PLC Trading Update and Notice of Results (9052A)
28 Septembre 2022 - 8:02AM
UK Regulatory
TIDMCML
RNS Number : 9052A
CML Microsystems PLC
28 September 2022
28 September 2022
CML Microsystems Plc
("CML", the "Company" or the "Group")
Trading Update and Notice of Results
Positive momentum, trading ahead of market expectations
CML Microsystems Plc (the "Group" or the "Company"), which
develops mixed-signal, RF and microwave semiconductors for global
communications markets, is pleased to today issue a trading update
for the first half of the current financial year (six-month period
to 30 September 2022).
The Board is pleased to report that trading for the first half
has been strong. Revenues are expected to be well ahead of last
year on a constant currency basis and have been further boosted by
an exchange rate tailwind. Gross margin has remained robust whilst
overheads are in line with expectations. As a result, profitability
is expected to be significantly ahead of management's earlier
expectations.
At the current rate of trading and based on current exchange
rates, the Board expects that for the full year ending 31 March
2023 both revenues and profitability will be ahead of market
expectations.
Research and development activities, operational investments and
the introduction to market of new products are all proceeding well,
and the forward order book remains healthy.
The Board remains confident in the Group's strategy and its
ability to deliver significant, sustainable growth over the coming
years.
Notice of Results
CML will publish its Half Year Results for the period to 30
September 2022 on Tuesday 22 November 2022.
This announcement relates to the disclosure of information that
qualified or may have qualified as inside information for the
purposes of article 7 of the market abuse regulation (EU) 596/2014
as it forms part of UK domestic law by virtue of the European Union
(withdrawal) act 2018.
Enquiries:
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Director Tel: +44(0)1621 875 500
Nigel Clark, Executive Chairman
Shore Capital (Nominated Adviser and Broker) Tel: +44(0)20 7408 4090
Advisory
Toby Gibbs
James Thomas
John More
Corporate Broking
Fiona Conroy
Alma PR Tel: +44 (0)20 3405 0212
Josh Royston
Andy Bryant
Matthew Young
UK MAR: This announcement is released by the Company and
contains information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 ("MAR") as it forms part of UK domestic
law by virtue of the EUWA ("UK MAR"), encompassing information
relating to the trading performance of the Company. For the
purposes of UK MAR and Article 2 of the binding technical standards
published by the Financial Conduct Authority in relation to MAR as
regards Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Chris Gurry, Group Managing Director .
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.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBLGDCRUDDGDR
(END) Dow Jones Newswires
September 28, 2022 02:02 ET (06:02 GMT)
Cml Microsystems (LSE:CML)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Cml Microsystems (LSE:CML)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024