REG - CML Microsystems PLC - Change to final results announcement date

CML MicrosystemsAnnouncement

10/06/2022 13:30

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RNS Number : 5100O  CML Microsystems PLC  10 June 2022

 For Immediate Release  10 June 2022

 

CML Microsystems Plc

("CML", or the "Group")

Change to final results announcement date

CML, which develops mixed-signal, RF and microwave semiconductors for global
communications markets, announces that its final results for the year ended
31 March 2022 will now be reported on 5 July 2022 and not 14 June 2022 as
previously stated.

The Company's auditor, BDO LLP ("BDO"), has requested additional time to
finalise its audit process and internal review procedures. The Group is both
frustrated and disappointed with the last-minute delay.

As announced on 5 April 2022, the Group continues to expect to report results
slightly ahead of market expectations.

 

Enquiries:

 CML Microsystems Plc                               www.cmlmicroplc.com (http://www.cmlmicroplc.com/)

Tel: +44 (0) 1621 875 500
 Chris Gurry, Group Managing Director

 Nigel Clark, Executive Chairman

 Shore Capital (Nominated Adviser and Sole Broker)  Tel: +44 (0) 20 7408 4090

 Toby Gibbs

 James Thomas

 John More

 Alma PR                                            Tel: +44 (0) 20 3405 0212

 Josh Royston

 Caroline Forde

 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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