CML Microsystems PLC Pre-Close Trading Update and Notice of Results (2925N)
29 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMCML
RNS Number : 2925N
CML Microsystems PLC
29 September 2021
29 September 2021
CML Microsystems Plc
("CML", the "Company" or the "Group")
Pre-Close Trading Update and Notice of Results
CML Microsystems Plc (the "Group" or the "Company"), which
develops mixed-signal, RF and microwave semiconductors for global
communications markets, today issues its pre-close trading update
for the six-months to 30 September 2021.
We are pleased to report that the positive momentum seen within
the business towards the end of the prior financial year has
continued through the opening six-month period, with a healthy
trading performance being recorded.
Revenues are currently tracking ahead of management
expectations, with the associated benefits of operational leverage
flowing through. New order intake has been good, assisted by
improving end market conditions and increased demand linked to
customer concerns around supply chain constraints within the
semiconductor market generally.
The strong start to the year, coupled with a prudent degree of
uncertainty around actual customer demand through the second half,
opens the possibility for full year profitability to be weighted to
this first half.
The Board is pleased with the progress being made following the
transformational events of the previous year and believes the Group
remains on track to achieve existing market expectations for the
full year.
Notice of Results
CML will publish its Half Year Results for the period to 30
September 2021 on Tuesday 24 November 2021.
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Director Tel: +44(0)1621 875 500
Nigel Clark, Group Executive Chairman
Shore Capital Tel: +44(0)20 7408 4090
Edward Mansfield
James Thomas
John More
SP Angel Corporate Finance LLP Tel: +44(0)203 463 2260
Jeff Keating
Alma PR
Josh Royston Tel: +44 (0)20 3405 0212
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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