CML Microsystems PLC Interim Management Statement (3962F)
27 July 2016 - 8:40PM
UK Regulatory
TIDMCML
RNS Number : 3962F
CML Microsystems PLC
27 July 2016
CML Microsystems Plc
Interim Management Statement
CML Microsystems Plc ("CML" or "the Group"), which designs,
manufactures and markets mixed-signal and Radio Frequency (RF)
semiconductors, primarily for global communication and solid state
storage markets, today held its Annual General Meeting at Essex
County Cricket Ground, Chelmsford, Essex.
Subsequent to the formal proceedings of the AGM and in
accordance with the UK Listing Authority's Disclosure and
Transparency Rules, the following Interim Management Statement was
read to shareholders by the Chairman:
Interim Management Statement
This statement relates to the period from 1 April 2016 to 27
July 2016 and embraces the unaudited results for the Group's
opening trading quarter for the financial year ending 31 March
2017.
Trading update and outlook
In summary this initial period has progressed as anticipated,
with gross margins continuing at more or less the same levels as
last year, operating costs tracking expectations and overall
operating results being in line with our internal forecasts.
Pleasingly the order book remained strong throughout the period and
consequently the board currently remains confident of meeting
market expectations for both the first half and full year trading
periods.
Investment in product development activities continued and cash
had increased on that held at 31st March 2016 prior to payments
made following the completion of the Sicomm acquisition on 26 July
2016.
There have been no other material events or transactions since 1
April 2016.
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 Director Tel: +44(0)1621 875 500
Neil Pritchard, Group Financial Director
Cenkos Securities plc Tel: +44(0)207 397 8900
Jeremy Warner Allen (Sales)
Max Hartley (Corporate Finance)
SP Angel Corporate Finance LLP Tel: +44(0)203 463 2260
Jeff Keating
Walbrook PR Ltd Tel: +44(0)203 7933 8780 /
cml@walbrookpr.com
Paul McManus
Helen Cresswell
This information is provided by RNS
The company news service from the London Stock Exchange
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