CML Microcircuits Regulatory News (CML)

18 Feb 2008 13:18

CML Microsystems PLC18 February 2008 Interim Management Statement CML Microsystems Plc today issues its interim management statement as requiredby the UK Listing Authority's Disclosure and Transparency Rules: Trading performance since 1 October 2007 has continued to follow the trend setin the first half of the year. Semiconductor shipments into wireless and storagemarket segments continue to dominate revenues whilst, geographically, the FarEast and North America were the largest contributors. Margins remained resilientand management continue to give appropriate attention to product and operationalcost management. In keeping with our published strategy to improve shareholder return on theGroup's property assets, we recently obtained planning approval to allow furtherdevelopment of the 28-acre freehold site in Essex, which is home to our Groupheadquarters and principal UK operating subsidiary. The additional developmentarea is just over 5,800 square metres of floor space. The Group has not yet disposed of its non-operational property assets and, inthe current climate, does not expect to do so prior to the end of this financialyear. Due to the timing uncertainty surrounding this activity, the Board istaking 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 Boardcontinue 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