Interim Management Statement

RNS Number : 9205E

Dialight PLC

16 April 2014

 



16 April 2014

Dialight plc ("Dialight" or the "Group")

Interim Management Statement

Dialight, the UK based leader in Applied LED technology, announces the following Interim Management Statement for the period from 1 January 2014 to 15 April 2014.

Trading for the year to date has been in line with the Board's expectations with sales of lighting products remaining strong.

The balance sheet remains robust. There has been a decrease in net cash since the year end in line with normal working capital requirements.

The search for a new Group Finance Director is well underway and we will update the market in due course.

Despite currency headwinds from the translation of US results, the outlook for the Group for the current year remains unchanged.

Enquiries:

Dialight plc,

Roy Burton, Group Chief Executive

Kevin Higginson, Interim Chief Financial Officer

[phone]

Canaccord Genuity Limited

Simon Bridges

[phone]

FTI Consulting

Nick Hasell

[phone]

About Dialight plc

Dialight plc is leading the lighting revolution for industrial users across the world. Applying leading edge LED technology it produces retro-fittable lighting fixtures designed specifically for hazardous locations, obstruction signals and traffic signalling to vastly reduce maintenance, save energy, improve safety and ease disposal.

Dialight comprises the following business segments:

· Lighting which addresses the increasing demands for energy efficient Lighting solutions through the use of high brightness LEDs and utilisation of a number of associated technologies. Areas of business are Solid State Lighting products for Hazardous and Non-Hazardous Industrial application.

· Signals which addresses the increasing demands for energy efficient Signalling solutions through the use of high brightness LEDs and utilisation of a number of associated technologies. Areas of business include Traffic Signals and Obstruction Signals

· Components whose sales are primarily to Electronics OEMs for status indication and residual disconnect components for automotive and niche industrial application

The company is headquartered in the UK and listed on the London Stock Exchange (LSE:DIA.L,GB0033057794) with operating locations in the UK, USA, Germany, Denmark, Australia, Singapore, Japan, Malaysia and Mexico. More information is available at www.dialight.com.

Cautionary statement

This Interim Management Statement contains certain forward-looking statements which have been made by the Directors in good faith using information available up until the date they approved the statement. Forward-looking statements should be regarded with caution as by their nature such statements involve risk and uncertainties relating to events and circumstances that may occur in the future. Actual results may differ from those expressed in such statements, depending on the outcome of these uncertain future events. 

 

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