Interim Management Statement

RNS Number : 0448J

CML Microsystems PLC

01 August 2012

 



CML Microsystems Plc

Interim Management Statement

CML Microsystems Plc (the "Group"), which designs, manufactures and markets a broad range of semiconductors, primarily for global communication and data storage markets, today held its Annual General Meeting at Layer Marney Tower, Essex.

Subsequent to the formal proceedings of the AGM and as required by the UK Listing Authority's Disclosure and Transparency Rules, the following Interim Management Statement was read to shareholders by Chairman, George Gurry:

Interim Management Statement

This statement relates to the period from 1 April 2012 to 31 July 2012 and embraces the unaudited results for the Group's opening trading quarter for the financial year ending 31 March 2013.

Continuing progress

The Group's operating results for the opening quarter are in line with internal expectations and serve to underpin the positive guidance provided at the time of the recent preliminary results.

Products targeted at Storage and Wireless market areas continued to dominate overall revenues whilst the strategy for both product and customer base expansion remains on track.

Gross margins and operational costs remained stable through the period and the Group's net cash position strengthened.

There have been no other material events or transactions since 1 April 2012.

Outlook

The Board remains confident of advances in both the six-month and full year trading periods.

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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