29th Sep 2021 13:02
CML Microsystems PLC - Maldon, England-based radio frequency semiconductor maker - Sees positive momentum at end of last financial year continue into six months to September 30. Notes "healthy" trading performance in period.
"Revenues are currently tracking ahead of management expectations, with the associated benefits of operational leverage flowing through. New order intake has been good, assisted by improving end market conditions and increased demand linked to customer concerns around supply chain constraints within the semiconductor market generally," CML Microsystems says.
"The strong start to the year, coupled with a prudent degree of uncertainty around actual customer demand through the second half, opens the possibility for full year profitability to be weighted to this first half."
CML says it remains on track to achieve existing market expectations for the full year.
Current stock price: 418.90 pence, up 3.4% on Wednesday
Year-to-date change: up 19%
By Paul McGowan; [email protected]
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