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Pin to quick picksDialight Regulatory News (DIA)

Share Price Information for Dialight (DIA)

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Share Price: 170.00
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Trading Statement

11 Jun 2013 07:00

RNS Number : 7210G
Dialight PLC
11 June 2013
 



Embargoed for release at 0700 on Tuesday 11 June 2013 

11 June 2013

 

Dialight plc

Trading Update

 

Dialight plc (LSE:DIA.L), the UK based leader in Applied Light Emitting Diode ("LED") Technology, provides the following update on trading.

 

As the first half of 2013 comes to a close, the Board is pleased to report that Lighting segment revenues will exceed the previously indicated growth of 50% compared to the first half of 2012 and expectations for the full year are that Lighting revenues will again exceed 50% growth.

 

In the Interim Management Statement, published on 25 April 2013, it was stated that the Signals segment was trading behind the first half of 2012 due to the expected run off of a large cellphone tower customer contract, high sales into the US wind market in 2012 and the delay in the award of a significant new contract for obstruction. Whilst the Group is now well positioned to take advantage of new opportunities following its decision to sell directly to the cellphone tower market, rather than through value added resellers, timing on the rollout of these new integrated system contracts remains difficult to predict. As a result these issues continue to impact the obstruction business and because of this, sales in the Signals segment are expected to be down in the first half of 2013. Despite this, the Board remains confident in the longer term recovery of the obstruction product line.

 

As a consequence of the above, together with the additional costs incurred in the planned expansion of investment in extra sales and production resource in the Lighting segment during the year to date, Group profit for the first half will be adversely affected. However, as the Group's financial results have, in recent years, been weighted towards the second half and some recovery in obstruction is anticipated, the Board continue to consider that the Group will deliver results broadly in line with expectations for the full year ending 31 December 2013.

 

The Group will publish its Half Year Results for the 6 month period ended 30 June 2013 on 22 July 2013.

 

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.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTEAPKEFDADEFF
Date   Source Headline
7th May 20247:00 amRNSTotal Voting Rights
19th Apr 20247:00 amRNSDirector/PDMR Shareholding
28th Mar 202411:00 amRNSAdmission of New Shares
12th Mar 20245:55 pmRNSHolding(s) in Company
12th Mar 20244:56 pmRNSHolding(s) in Company
26th Feb 20242:39 pmRNSDirector/PDMR Shareholding
19th Feb 20249:16 amRNSDirectorate Change
19th Feb 20247:00 amRNSStatement re second interim results
16th Feb 20247:00 amRNSDirectorate Change
30th Jan 20247:00 amRNSCFO Appointment
30th Jan 20247:00 amRNSTrading Update
2nd Jan 20247:00 amRNSSanmina Litigation
29th Nov 20231:04 pmRNSSanmina Litigation
7th Nov 20235:40 pmRNSHolding(s) in Company
7th Nov 20235:24 pmRNSHolding(s) in Company
7th Nov 20233:52 pmRNSHolding(s) in Company
1st Nov 202312:03 pmRNSPDMR Shareholding
1st Nov 202311:50 amRNSTotal Voting Rights and Capital
1st Nov 202311:15 amRNSBlock listing Interim Review
31st Oct 20234:32 pmRNSHolding(s) in Company
27th Oct 202312:05 pmRNSResults of General Meeting
4th Oct 202311:52 amRNSCirc re. Related Party Transaction
27th Sep 20237:00 amRNSResult of Equity Issue
26th Sep 20235:07 pmRNSREX Retail Offer
26th Sep 20235:05 pmRNSProposed Placing and Retail Offer
18th Sep 202312:25 pmRNSStatement re Update on Financing
18th Sep 20237:00 amRNSDirector Change
18th Sep 20237:00 amRNSUnaudited Half Year Results 2023
26th Jun 20237:00 amRNSDirectorate Change and Notice of Results
8th Jun 20237:00 amRNSDirector/PDMR Shareholding
7th Jun 20237:00 amRNSDirectorate Changes
16th May 20235:47 pmRNSResult of AGM
16th May 20237:00 amRNSAGM Trading Update
27th Apr 20237:00 amRNSDirector/PDMR Shareholding
17th Apr 20237:00 amRNSDirector/PDMR Shareholding
14th Apr 20231:03 pmRNSDirector/PDMR Shareholding
12th Apr 202312:30 pmRNSNotice of AGM
6th Apr 20232:35 pmRNSTotal Voting Rights
6th Apr 20232:20 pmRNSDirector/PDMR Shareholding
5th Apr 20237:00 amRNSDirectorate Change
3rd Apr 20231:03 pmRNSBlock listing Interim Review
3rd Apr 20237:00 amRNSAnnual Financial Report
30th Mar 20237:00 amRNSDirectorate Change
27th Mar 20237:00 amRNSFinal Results
20th Mar 20237:00 amRNSDirectorate Change
15th Mar 20235:14 pmRNSDirector Declaration
15th Mar 20237:00 amRNSSanmina Litigation
13th Jan 20237:00 amRNSDirectorate Change
13th Jan 20237:00 amRNSTrading Statement
5th Jan 20234:40 pmRNSSecond Price Monitoring Extn

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