REG-Dialight PLC Interim Management Statement
Date/Range: 13-NOV-2008
Short Abstract: REG-Dialight PLC Interim Management Statement
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RNS Number : 0570I
Dialight PLC
13 November 2008
Date: Embargoed until 07.00 am, Thursday 13 November 2008
Contacts: Roy Burton – Group Chief Executive
Cathy Buckley – Finance Director
Dialight PLC
Tel: 01480 447490
Christopher Theis
Canaccord Adams Limited
Tel: 020 7050 6500
Alistair Mackinnon-Musson
Nathan Field
Hudson Sandler
Tel: 020 7796 4133
Email: dialight@hspr.com
DIALIGHT PLC
Interim Management Statement
Dialight plc, the UK based leader in Applied LED Technology, today publishes its
Interim Management Statement relating to the period from 1 July, 2008.
Dialight consists of two business segments:-
* Signals/Illumination which includes Traffic and Rail Signals,
Obstruction Lights and the new product area of Solid State
Lighting
* Components comprising Light Emitting Diode (“LED”) Indication
Componentsand Electromagnetic Disconnects (‘smart’ meter
disconnect switches)
Highlights
* Overall trading in line with the Board’s expectations
despite adverse world economics
* Orders for Signals/ Illumination continue to show double
digit growth
* Growth strategy performing at or above expectations in the
Signals/Illumination segment
* Indication business within Components reflecting the effect
of the economic downturn
* Margins stable in spite of inflationary pressure
* Group maintains strong Balance Sheet and positive Operating
Cash Flow
Current trading
Dialight’s strategy of driving growth through the provision of energy efficient
and environmentally friendly lighting products continues to play out in the
second half of the year.
Orders for the Signals/Illumination segment continue to grow at double digit
rates and as previously reported, our European Traffic Light operation is
showing significant growth.
In the Obstruction Lighting Business, sales into the North American Wind Turbine
Market and the adoption of our new White Strobe technology are fuelling
continued success.
Illumination, and in particular white light, is performing according to plan and
sales of our Safesite Hazardous Location Light are encouraging.
In line with the current downturn in the world’s economies, orders for our LED
Indication product lines are down in the order of 10%, compared to the first
half. The impact of this slowdown has been offset by the strong performance of
other parts of the Group and by the strengthening of the US Dollar.
In summary, the continued good progress in the Signals/Illumination segment
gives the Board confidence in maintaining its current outlook on trading for
2008.
NotesThis Interim Management Statement contains certain forward-looking
statements which have been made by the Directors in good faith using information
available up until the date they approved the statement. Forward-looking
statements should be regarded with caution as by their nature such statements
involve risk and uncertainties relating to events and circumstances that may
occur in the future. Actual results may differ from those expressed in such
statements, depending on the outcome of these uncertain future events.
– ENDS –
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