CML Microsystems PLC Trading Update (2648U)
October 23 2017 - 1:00AM
UK Regulatory
TIDMCML
RNS Number : 2648U
CML Microsystems PLC
23 October 2017
23 October 2017
CML Microsystems Plc
(The "Company" or the "Group")
Half Year Trading Update
CML Microsystems Plc, which designs, manufactures and markets
mixed-signal and Radio Frequency (RF) semiconductors, primarily for
global communication and solid state storage markets, today issues
the following trading update for the period from 1 April 2017 to 30
September 2017.
The Group's trading performance across the first six-month
period has been pleasing. Gross revenue and draft operating results
are in line with expectations and significantly ahead of the prior
year corresponding period.
Following payment of a GBP1.2m dividend in August 2017 relating
to the prior full financial year, Group cash reserves at 30
September 2017 were GBP12.7m.
The Company will publish its half year results for the period
ended 30 September 2017 on Tuesday 21 November 2017.
The information contained within this announcement is deemed by
the Group to constitute inside information under the Market Abuse
Regulations (EU) No. 596/2014.
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875
Director 500
Neil Pritchard, Group
Financial Director
Cenkos Securities plc Tel: +44(0)20 7397 8900
Max Hartley (Corporate
Finance)
Russell Kerr (Sales)
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR
Josh Royston Tel: +44 (0)7780 901979
Rebecca Sanders-Hewett Tel: +44 (0)7961 075844
Robyn Fisher Tel: +44 (0)7540 706191
About CML Microsystems PLC
CML designs and develops semiconductors for the industrial
storage and communications markets. The Group utilises a
combination of in-house and outsourced manufacturing and 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 no borrowings and is dividend
paying.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFIRIALFFID
(END) Dow Jones Newswires
October 23, 2017 02:00 ET (06:00 GMT)
Cml Microsystems (LSE:CML)
Historical Stock Chart
From Apr 2024 to May 2024
Cml Microsystems (LSE:CML)
Historical Stock Chart
From May 2023 to May 2024