4th Aug 2021 17:49
CML Microsystems PLC - Maldon, England-based radio frequency semiconductor maker - Says trading performance for the opening months of the financial year to March 31, has got off to a positive start, resulting in a healthy improvement from the same time last year. Says order intake has continued to be strong, reflecting a combination of end-market recovery, new customer traction and general concerns over product availability due to ongoing semiconductor supply chain capacity constraints.
Chair Nigel Clark says: "Activities to capture a share of new market application areas remains a priority focus and as we move through the year, we expect to see existing markets recovering back towards more normalised levels. Subject to the Covid-19 pandemic and ongoing geopolitical trade issues not having any further impact, the board continues to expect a year of good progress for the group."
Current stock price: 410.60 pence
Year-to-date change: up 16%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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