Business
AGM Statement
AGM Statement.
About this update from Cml Microsystems Plc
[{"type":"text","content":"\n\n13 August 2024\nCML Microsystems Plc\n(\"CML\", the \"Company\" or the \"Group\") \nAGM Statement\nCML Microsystems Plc, which develops mixed-signal, RF and microwave semiconductors for global communications markets, will hold its Annual General Meeting today at 11.00am at which Nigel Clark, Non-Executive Chairman, will provide the following trading update.\nTrading Update\nThe Group's operating results across the opening four months of the financial year are slightly ahead of the comparable period and are on track to meet market expectations for the year as a whole. We continue to expect an improvement in customer inventory levels to commence during the second half of the financial year.\nThe Board is pleased with the underlying progress the business is making and remains excited by the growth opportunities being addressed.\n \n \n\n\n\n\nCML Microsystems Plc\nChris Gurry, Group Managing Director\nNigel Clark, Non - Executive Chairman\n \n\n\n \n Tel: +44(0)1621 875 500\n\n\n\n\nShore Capital\nToby Gibbs\nJames Thomas\nLucy Bowden\nFiona Conroy (Corporate Broking)\n \n\n\n Tel: +44(0)20 7408 4090 \n\n\n\n\nAlma Strategic Communications\nJosh Royston\nAndy Bryant\nRobyn Fisher\nEmma Thompson\n\n\n Tel: +44 (0)20 3405 0212\n \n\n\n\n\n \nAbout CML Microsystems Plc\nCML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and USA. CML targets sub-segments within Communication markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading commercial and industrial product manufacturers.\nGrowth in its end markets is being driven by factors such as the appetite for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT).\nThe Group is cash-generative, has no debt and is dividend paying.\n \n\n","length":4488,"tagName":"div"}]