REG - Dialight PLC - Trading Statement

DialightAnnouncement

22/11/2021 07:05

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RNS Number : 0438T  Dialight PLC  22 November 2021

Dialight plc

("Dialight" or "the Group")

 

Trading update

 

 

Dialight plc (LSE: DIA.L), the global leader in LED lighting for heavy
industrial applications today publishes a trading update for the period from
30 June to 31 October 2021. The full year results will be published on 28
March 2022.

 

Current trading and outlook

The Group has traded well in the period, quoting activity has significantly
increased with a greater number of capex projects. Order intake year to date
was up 34%, driven by a strong performance in the Lighting segment.

 

Due to widely publicised, market-wide supply chain issues, revenue growth has
lagged order intake, due principally to the availability of electronic
components and metal work.  The Group has responded well to the supply chain
challenges with active management to secure components and logistics and we
have also implemented price increases from September to reflect increased
costs from our suppliers.  To ensure supply continuity, the Group has
increased inventory levels and this has maintained acceptable on-time delivery
levels. This has led to an increase in our full year net debt expectations, to
a range of between £12 and £14 million.

 

Our expectations for the year remain unchanged. However, we remain mindful of
the ongoing supply chain disruptions which may continue into 2022. Longer term
we are increasingly confident of our prospects given our leading
sustainability products and significant market opportunity.

 

 

Contacts:

Dialight plc

Tel: +44 (0)203 058 3542

Fariyal Khanbabi - Group Chief Executive

Clive Jennings - Interim Chief Financial Officer

 

About Dialight:

Dialight (LSE: DIA.L) is a global leader in sustainable LED lighting
for industrial applications. Dialight's LED products are providing the next
generation of lighting solutions that deliver reduced energy consumption and
create a safer working environment. Our products are specifically designed to
provide superior operational performance, reliability and durability, reducing
energy consumption and ongoing maintenance and achieving a rapid return on
investment.  The company is headquartered in the UK with operations in
Australia, Dubai, the EU, Malaysia, Mexico, Singapore, the UK and the USA.
www.dialight.com (http://www.dialight.com/) .

 

 

Notes:

Inside information.  This announcement contains inside information
on Dialight plc.

Cautionary Statement. This announcement contains certain statements,
statistics and projections that are or may be forward-looking. The accuracy
and completeness of all such statements, including, without limitation,
statements regarding the future financial position, strategy, projected costs,
plans and objectives for the management of future operations of Dialight Plc
and its subsidiaries is not warranted or guaranteed. These statements
typically contain words such as 'intends', 'expects', 'anticipated',
'estimates' and words of similar import. By their nature, forward-looking
statements involve risk and uncertainty because they relate to events and
depend on circumstances that will occur in the future. Although Dialight Plc
believes that the expectations will prove to be correct. There are a number of
factors, many of which are beyond the control of Dialight Plc, which could
cause actual results and developments to differ materially from those
expressed or implied by such forward-looking statements.

 

 

 

 

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