CML Microsystems PLC
18 February 2008
Interim Management Statement
CML Microsystems Plc today issues its interim management statement as required
by the UK Listing Authority's Disclosure and Transparency Rules:
Trading performance since 1 October 2007 has continued to follow the trend set
in the first half of the year. Semiconductor shipments into wireless and storage
market segments continue to dominate revenues whilst, geographically, the Far
East and North America were the largest contributors. Margins remained resilient
and management continue to give appropriate attention to product and operational
cost management.
In keeping with our published strategy to improve shareholder return on the
Group's property assets, we recently obtained planning approval to allow further
development of the 28-acre freehold site in Essex, which is home to our Group
headquarters and principal UK operating subsidiary. The additional development
area is just over 5,800 square metres of floor space.
The Group has not yet disposed of its non-operational property assets and, in
the current climate, does not expect to do so prior to the end of this financial
year. Due to the timing uncertainty surrounding this activity, the Board is
taking steps to ensure appropriate funding is in place.
There have been no other material events or transactions since 1 October 2007.
The outlook for the full year remains in line with expectations and the Board
continue to focus on delivering sustainable growth beyond this year.
18 February 2008
Enquiries:
CML Microsystems Plc
Chris Gurry, Managing Director
Tel: 01621 875500
Nigel Clark, Financial Director
This information is provided by RNS
The company news service from the London Stock Exchange
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