Last checked at 12 Sep 2013 07:00
12 September 2013
Dialight plc ("Dialight" or the "Group")
Trading Update
As reported in the 2013 interim results, the timing of the award of major Obstruction System contracts remains difficult to predict. Since the interim results, the Group has announced one contract for Obstruction Systems and has made good progress towards qualification and award of other significant Obstruction System business. However, the Group does not expect these contracts to be awarded in time to sufficiently impact the current financial year. This is likely to negatively affect the Group's expectations for overall financial performance in 2013.
The Lighting segment continues to grow very strongly with no change in guidance for both the short and long term.
The delay in contract awards for Obstruction Systems means that the Group's expectations for overall profitability are likely to be broadly in line with the prior year.
For further information:
Dialight plc
Roy Burton - Group Chief Executive
Mark Fryer- Group Finance Director
Tel: +44 (0) 1638 778640
Canaccord Genuity Limited
Simon Bridges
Tel: +44 (0) 20 7523 8000
Kreab Gavin Anderson
Robert Speed
Tel: +44 (0) 20 7074 1800
Email: dialight@kreabgavinanderson.com
About Dialight plc
The Group comprises the following business segments:
Lighting which addresses the increasing demands for Energy Efficient Lighting solutions for industrial/hazardous locations;
Signals that covers Traffic, Transportation and Obstruction signals; and
Components whose sales are primarily to Electronics OEMs for status indication.
The company is headquartered in the UK with operating locations in Australia, Denmark, Germany, Japan, Malaysia, Mexico, Singapore, UAE, the UK and the USA. More information is available at www.dialight.com.
Cautionary statement
This announcement contains certain statements, statistics and projections that are or may be forward-looking. The accuracy and completeness of all such statements, including, without limitation, statements regarding the future financial position, strategy, projected costs, plans and objectives for the management of future operations of Dialight plc and its subsidiaries is not warranted or guaranteed. These statements typically contain words such as 'intends', 'expects', 'anticipated', 'estimates' and words of similar import. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Although Dialight plc believes that the expectations will prove to be correct. There are a number of factors, many of which are beyond the control of Dialight plc, which could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements.