Why the drop - great update Friday19 Jan 2015 15:04
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.