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CML Cml Microsystems Plc

407.50
2.50 (0.62%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cml Microsystems Plc LSE:CML London Ordinary Share GB0001602944 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.50 0.62% 407.50 395.00 420.00 407.50 405.00 405.00 8,199 10:48:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 20.64M 4.81M 0.2978 13.68 65.83M

CML Microsystems PLC Trading Update (2648U)

23/10/2017 7:00am

UK Regulatory


Cml Microsystems (LSE:CML)
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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)

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