CML Microsystems PLC AGM Statement (5435H)
04 Agosto 2021 - 5:00AM
UK Regulatory
TIDMCML
RNS Number : 5435H
CML Microsystems PLC
04 August 2021
4 August 2021
CML Microsystems Plc
("CML", the "Company" or the "Group")
AGM Statement
CML Microsystems Plc, which develops mixed-signal, RF and
microwave semiconductors for global communications markets will
hold its Annual General Meeting today at 11.00 am. At which Nigel
Clark, Executive Chairman, is pleased to provide the following
trading update:
Trading Update
I am pleased to report that the Group's trading performance for
the opening months of the financial year to 31 March 2022 has got
off to a positive start, resulting in a healthy improvement over
the corresponding period for the prior year.
Order intake has continued to be relatively strong, reflecting a
combination of end-market recovery, new customer traction and
general concerns over product availability due to ongoing
semiconductor supply chain capacity constraints.
Activities to capture a share of new market application areas
remains a priority focus and as we move through the year, we expect
to see existing markets recovering back towards more normalised
levels.
Subject to the COVID-19 pandemic and ongoing geopolitical trade
issues not having any further impact, the Board continues to expect
a year of good progress for the Group.
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
Director
Nigel Clark, Executive
Chairman
Shore Capital Tel: +44(0)20 7408 4090
Advisory
Edward Mansfield
James Thomas
John More
Corporate Broking
Fiona Conroy
SP Angel Corporate Finance Tel: +44(0)203 463 2260
LLP
Jeff Keating
Alma PR Tel: +44 (0)20 3405 0212
Josh Royston
Caroline Forde
Robyn Fisher
Andy Bryant
Mattthew 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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END
AGMSSUSALEFSELA
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