Trading Update

RNS Number : 3279C

Dialight PLC

16 January 2015

 

16 January 2015

Dialight plc

Trading Update

Dialight, the leading manufacturer of LED lighting solutions for use in hazardous and industrial locations, announces the following Trading Update for the year ended 31 December 2014. Lighting revenues grew by 50% at constant currency. Within Signals, Obstruction returned to growth, with revenues up 22% year on year, similarly at constant currency, driven primarily by the US telecoms market.  

The Board expects that the Group's results for the year ended 31 December 2014 will be in line with market expectations.

Roy Burton, Group Chief Executive, has informed the Board that he is undergoing treatment for a medical condition which impacts his ability to travel for the time being. The Board believes that this will not affect his ability to perform his executive responsibilities. Should this position change, Bill Ronald, Dialight's Chairman, will provide support as and when required.

The Group will publish its Full Year results for the year ended 31 December 2014 on 2 March 2015.

For further information:

Dialight plc

Roy Burton - Group Chief Executive

Fariyal Khanbabi- Group Finance Director

Tel: [phone]

Canaccord Genuity Limited

Simon Bridges

Tel: [phone] 

FTI Consulting

Nick Hasell

[phone]

About Dialight plc

The Group comprises the following business segments:

Lighting which addresses the increasing demands for Energy Efficient Lighting solutions for industrial/hazardous locations;

Signals that covers Traffic, Transportation and Obstruction signals; and

Components whose sales are primarily to Electronics OEMs for status indication.

The company is headquartered in the UK with operating locations in Australia, Denmark, Germany, Malaysia, Mexico, Singapore, UAE, the UK and the USA. More information is available at www.dialight.com.

Cautionary statement

This announcement contains certain statements, statistics and projections that are or may be forward-looking. The accuracy and completeness of all such statements, including, without limitation, statements regarding the future financial position, strategy, projected costs, plans and objectives for the management of future operations of Dialight plc and its subsidiaries is not warranted or guaranteed. These statements typically contain words such as 'intends', 'expects', 'anticipated', 'estimates' and words of similar import. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Although Dialight plc believes that the expectations will prove to be correct. There are a number of factors, many of which are beyond the control of Dialight plc, which could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements.

 

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