20th Apr 2007 07:01
Dialight PLC20 April 2007 Date: Embargoed until 07:00 am, Friday 20 April 2007 Contacts: Roy Burton - Group Chief Executive Cathy Buckley - Finance Director Dialight PLC Tel: 01480 447490 Alistair Mackinnon-Musson Nicola Savage Hudson Sandler Tel: 020 7796 4133 Email: [email protected] DIALIGHT PLC Trading Update Dialight plc, the UK based leader in Applied LED Technology, announces thefollowing Trading Update. Dialight consists of two business segments: • Signals / Illumination which includes Traffic and Rail Signals, Obstruction Lights and the new Solid State Lighting (LED) products of the Group • Components comprising indication products and electromagnetic disconnects The Signals / Illumination business, the core activity of the Group, continuesto have excellent growth prospects and is performing well, as the market for LEDlighting gains greater acceptance. Overall the performance of this divisionremains in line with our expectations. Since our results in early March, our experience to date of order intake in theComponents division remains disappointing and has continued at below 2006levels. We now expect this trend to continue for the remainder of the year.Furthermore, a Group wide programme to reduce the cost of materials saw someslippage in implementation but is now on track to deliver the expected savingsin the second half. Accordingly, we have revised our expectations andanticipate the combination of these factors over the full year will affectadversely the Group's pre-tax profit by approximately £1.3 million. - ENDS - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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