REG - CML Microsystems PLC - Trading Update

CML MicrosystemsAnnouncement

22/10/2019 07:00

RNS Number : 6081Q
CML Microsystems PLC
22 October 2019
 


22 October 2019 
CML Microsystems Plc
(The "Company" or the "Group")
 
 
Half Year Trading Update
Notice of Results
 
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 2019 to 30 September 2019.
As anticipated, and in accordance with management expectations, trading has remained stable across the first six months of the financial year, in line with the preceding six-month period. 
 
The Board expects to report unaudited half-year results comprising Group revenue of £13.1m and a pre-tax profit of approximately £0.9m. Net cash reserves amounted to £11.2m at 30 September 2019 following payment of a £1m dividend in August in respect of the prior financial year.
 
The Company will publish its unaudited half year results for the period ended 30 September 2019 on Tuesday 19 November 2019.
 
 



CML Microsystems Plc
Chris Gurry, Group Managing Director

Neil Pritchard, Group Financial Director
 


www.cmlmicroplc.com

Tel: +44(0)1621 875 500




Shore Capital
Edward Mansfield
James Thomas
 


Tel: +44(0)20 7408 4090




SP Angel Corporate Finance LLP
Jeff Keating
 


Tel: +44(0)20 3463 2260




Alma PR
Josh Royston
Caroline Forde
 


 
Tel: +44 (0)20 3405 0212
 



 
About CML Microsystems PLC
CML designs and develops semiconductors for the industrial storage and communications markets. The Group 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 a net cash position and is dividend paying.
 
 




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