Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDialight Regulatory News (DIA)

Share Price Information for Dialight (DIA)

Share Price is delayed by 15 minutes
Get Live Data
381.00    8.00 (2.14%)
Bid:
379.00
Ask:
400.00
Spread: 21.00 (5.541%)
Market Cap: £152.30m
DIA Live PriceLast checked at - London Stock Exchange

Intraday Dialight Share Chart

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
21st Mar 20114:35 pmRNSAnnual Financial Report
18th Mar 20113:36 pmRNSHolding(s) in Company
16th Mar 20117:00 amRNSBuyout of the Dialight Corporation Pension Scheme
14th Mar 20114:35 pmRNSApplication for Block Listing
23rd Feb 20112:04 pmRNSHolding(s) in Company
18th Feb 20112:13 pmRNSDirector/PDMR Shareholding
17th Feb 20112:11 pmRNSHolding(s) in Company
17th Feb 20112:09 pmRNSHolding(s) in Company
16th Feb 20114:20 pmRNSHolding(s) in Company
14th Feb 20114:29 pmRNSUnaudited Preliminary Results - Replacement
14th Feb 20117:00 amRNSUnaudited Preliminary Results
11th Feb 201112:32 pmRNSHolding(s) in Company
1st Feb 201112:28 pmRNSHolding(s) in Company
31st Jan 20113:55 pmRNSHolding(s) in Company
26th Jan 201110:47 amRNSHolding(s) in Company
19th Jan 20113:33 pmRNSHolding(s) in Company
13th Jan 201110:43 amRNSHolding(s) in Company
13th Jan 201110:42 amRNSHolding(s) in Company
12th Jan 201111:07 amRNSHolding(s) in Company
11th Jan 201112:22 pmRNSHolding(s) in Company
10th Jan 20117:00 amRNSTrading Update
22nd Dec 20104:18 pmRNSHolding(s) in Company
25th Nov 20102:59 pmRNSBlocklisting Interim Review
4th Nov 20107:00 amRNSInterim Management Statement
22nd Oct 20104:01 pmRNSHolding(s) in Company
22nd Oct 20104:01 pmRNSHolding(s) in Company
22nd Oct 20101:04 pmRNSHolding(s) in Company
22nd Oct 20101:04 pmRNSHolding(s) in Company
7th Oct 20104:32 pmRNSHolding(s) in Company
6th Oct 20104:25 pmRNSHolding(s) in Company
29th Sep 20107:00 amRNSDirector Declaration
22nd Sep 201011:36 amRNSHolding(s) in Company
2nd Sep 20104:48 pmRNSDirector/PDMR Shareholding
2nd Sep 20104:40 pmRNSSecond Price Monitoring Extn
2nd Sep 20104:35 pmRNSPrice Monitoring Extension
2nd Sep 20102:10 pmRNSHolding(s) in Company
26th Aug 201010:37 amRNSHolding(s) in Company
25th Aug 201010:54 amRNSDirector Declaration
17th Aug 20103:48 pmRNSHolding(s) in Company
9th Aug 20102:55 pmRNSHolding(s) in Company
6th Aug 20107:00 amRNSDialight plc Appointment of Group Finance Director
5th Aug 20104:44 pmRNSHolding(s) in Company
27th Jul 20104:51 pmRNSDirector/PDMR Shareholding
26th Jul 20107:00 amRNSHalf Yearly Financial Report
26th Jul 20107:00 amRNSNational "Smart Grid" Supply Agreement
21st Jul 20101:59 pmRNSHolding(s) in Company
8th Jul 20107:00 amRNSUpdate on Trading for 2010
24th Jun 20108:40 amRNSHolding(s) in Company
23rd Jun 20109:29 amRNSHolding(s) in Company
18th Jun 20105:29 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.