Business
AGM and IMS
AGM and IMS.
About this update from Dialight Plc
[{"type":"text","content":"\n Dialight PLC\n07 May 2008\n\n\nDate: Embargoed until 11.30 am, Wednesday 7 May 2008\n\nContacts: Roy Burton - Group Chief Executive\n\n Cathy Buckley - Finance Director\n\n Dialight PLC\n\n Tel: 01480 447490\n\n\n Neil Johnson\n\n Canaccord Adams Limited\n\n Tel: 020 7050 6500\n\n\n Alistair Mackinnon-Musson\n\n Nicola Savage\n\n Hudson Sandler\n\n Tel: 020 7796 4133\n\n Email: [email protected]\n\n\n DIALIGHT PLC\n\n AGM and Interim Management Statement\n\n\nDialight plc, the UK based leader in Applied LED Technology, today publishes its\nInterim Management Statement relating to the period from 1 January 2008.\n\n\n Dialight consists of two business segments:-\n\n\n O Signals/Illumination which includes Traffic and Rail Signals, Obstruction\n Lights and the new product area of Solid State Lighting\n\n\n O Components comprising Light Emitting Diode ('LED') Indication Components\n and Electromagnetic Disconnects ('smart' meter disconnect switches)\n\n\nHighlights\n\n\n• Orders for Signals/ Illumination showing continued double digit growth\n\n\n• Strong order intake for Meter Disconnect product\n\n\n• Indication Components continues to perform well\n\n\n• Sale of Indication Business on track\n\n\n• Margins stable in spite of inflationary pressure\n\n\n• Overall trading in line with expectations\n\n\n\nCurrent trading\n\n\nDialight has had an encouraging start to 2008. Orders for the Signals/\nIllumination segment are robust and would support continued double digit growth\nacross each of our product lines. In particular, our European Traffic business\nhas had a strong start to the year and the North American Traffic business is\nbenefitting from shipments of the previously announced contract for Miami Dade\nCounty in Florida. Sales of Obstruction Lights into the North American Wind\nTower market continues to gain momentum.\n\n\nOur LED Indication product lines have shown good solid performance with order\nintake at a similar rate to the second half of 2007. In spite of the talk of\nrecession in the North American market, sentiment from our customers and\ndistributors is that business is still cautiously positive.\n\n\nThe Dialight BLP Meter Disconnect business has had a good start with the\n$4,000,000 blanket order received in the first quarter from one major US meter\nmanufacturer and production orders received fro...