Interim Management Statement

RNS Number : 2238B

CML Microsystems PLC

15 February 2011

 



CML Microsystems Plc

Interim Management Statement

CML Microsystems Plc ("the Company"), which designs, manufactures and markets a broad range of semiconductors, primarily for global communication and data storage markets, today issues the following Interim Management Statement for the period from 1 October 2010 to 14 February 2011.

Positive trading continues

The Group's operating results through the period under review continue to reflect the positive trading environment reported for the first six months of the current financial year. Sales revenues remain ahead of the comparable period in all principle market segments and geographic regions.

From a market perspective, semiconductors for professional and industrial wireless applications along with controller IC's for use within industrial solid state storage products continue to dominate Group revenues.

The first storage product emanating from the co-operation with Toshiba Electronics Europe, announced in October 2010, is under internal evaluation and on track for sampling to selected customers during the current trading quarter.

Gross margins and costs remained steady resulting in further improvements to the Group's net cash position.

There have been no other material events or transactions since 1 October 2010.

Outlook

The Group is on track to record good growth for the current financial year. Strategic expansion of the product range and customer base continues and the Board remains confident that further solid progress will be made thereafter.

CML Microsystems plc	www.cmlmicroplc.com
Chris Gurry, Managing Director	Tel: [phone]
Nigel Clark, Financial Director
Cenkos Securities plc
Jeremy Warner Allen (Sales)	Tel: [phone]
Stephen Keys (Corporate Finance)
Walbrook PR Ltd	Tel: [phone]
Paul McManus	[e-mail]
Helen Westaway	[e-mail]

 

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