16th Jun 2020 14:02
Dialight PLC - London-based LED lightning maker - Manufacturing facilities are open. Experiencing generally improving, but volatile, order intake, especially in the US. Due to the temporary closure of facilities, April order book is higher than expected, but increasing deliveries to customers week-on-week to reduce overdue backlog. Incurred additional costs in complying with government guidelines. Net debt of GBP17.3 million at May 31. Debt at 2020-end to be broadly in line with 2019. Difficult to provide guidance for 2020 due to uncertainty in end markets. Trading performance for 2020 to be significantly second-half weighted.
Current stock price: 319.60 pence
Year-to-date change: up 39%
By Tapan Panchal; [email protected]
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