News

Date/Range: 1-JUL-2002

Short Abstract: The Roxboro Group PLC Trading Update

Inline with the continuing trends in the industry as a whole, sales at
Dialight’s Opto-electronics division continue to improve gradually. Industry
stock levels are clearly diminishing, however, there is now no expectation of an
improvement in end-user demand until next year.  As such, Dialight’s
Opto-electronics division expects the improvement to continue but more slowly
than had been expected.

The Signals Division continued to increase investment in product development for
rail, road and airport signals and lighting.  Recent contract awards for LED
traffic lights in Las Vegas, New Jersey and elsewhere together with other
anticipated new business will result in an improved performance in the second
half.  The Garufo acquisition is performing to expectations.

The Group’s other main divisions, Solartron and Weston, continue to perform as
expected.

Harry Tee, Group Chief Executive, said:

The telecoms industry is not yet emerging from the downturn.  Dialight’s sales
into the sector are improving but slower than had been anticipated.  We continue
to invest in new products in the Signals Division, which has recently gained a
number of new contract wins.  Garufo which was acquired early in the year is
making good progress, with the LED traffic light market in Europe beginning to
grow steadily.

– ENDS –

This information is provided by RNS
The company news service from the London Stock Exchange