CML Microsystems PLC Trading Update (6805E)
October 22 2018 - 1:00AM
UK Regulatory
TIDMCML
RNS Number : 6805E
CML Microsystems PLC
22 October 2018
22 October 2018
CML Microsystems Plc
(The "Company" or the "Group")
Half Year Trading Update
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 2018 to 30 September 2018.
Trading across the first six months of the financial year has
been in line with management expectations despite the continued
influence from extended raw material lead times along with
disrupted customer purchasing patterns following NAND flash
undersupply, a feature of the prior financial year.
The Board expects to report unaudited half year results
comprising Group revenue of GBP15m, pre-tax profit of approximately
GBP2.3m, and adjusted EBITDA of approximately GBP5.1m. The Group
had net cash of GBP13.5m at 30 September 2018 following the
dividend payment in August.
The Company will publish its half year results for the period
ended 30 September 2018 on Tuesday 20 November 2018.
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
Director
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
Caroline Forde Tel: +44 (0)7779 664584
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 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
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