Business
New segmental reporting format
New segmental reporting format.
About this update from Dialight Plc
[{"type":"text","content":"\n \nRNS Number : 0245R Dialight PLC 04 March 2016 \n\nDialight plc\n \nNew segmental reporting format\n \nDialight plc (\"Dialight\" or \"the Group\"), the leading LED lighting technology company, today announces a change to its disclosure of Group operating segments, in line with the 2015 Strategic Review.\n \nThe Group has set out a strategy to transform and rebuild the business with clear objectives to deliver sustainable, profitable growth. As a result, Dialight is focusing on growth opportunities within LED lighting, building on its differentiated and market-leading position in Lighting and Obstruction. These businesses are now reported as one segment, named Lighting. \n \nThe Group's traffic, transport and components businesses operate in high volume, highly competitive markets where there is significant competition. These will be reported under one segment named Signals and Components and will be managed for value. \n \nFor the purposes of comparison, the Group is today publishing its segmental results for 2014 and 2013 ahead of the announcement of the Group's Preliminary Results on 8 March 2016. The disclosure is unaudited although the data has been extracted from the relevant audited reports and accounts.\n \nThe definitions of cost of sales, gross profit, distribution and administrative expenses have been changed for 2015 reporting. Cost of sales previously included costs related to third party sales costs, operations management and development & engineering. The third party sales costs are now included in distribution costs and the operations management and development costs are included in administrative expenses, both of which are part of the overhead costs.\n \nFull year results:\n\n\n\n\n2014\n\n\nLighting \n£m\n\n\nSignals and Components \n£m\n\n\nTotal\n£m\n\n\n\n\nRevenue\n\n\n116.9\n\n\n42.9\n\n\n159.8\n\n\n\n\nGross profit\n\n\n50.8\n\n\n9.8\n\n\n60.6\n\n\n\n\nOverheads\n\n\n(35.4)\n\n\n(4.3)\n\n\n(39.7)\n\n\n\n\nSegment results\n\n\n15.4\n\n\n5.5\n\n\n20.9\n\n\n\n\nCentral overheads\n\n\n\n\n\n\n\n\n(2.8)\n\n\n\n\nGroup underlying EBIT\n\n\n\n\n\n\n\n\n18.1\n\n\n\n\n \n\n\n\n\n2013\n\n\nLighting \n£m\n\n\nSignals and Components \n£m\n\n\nTotal\n£m\n\n\n\n\nRevenue\n\n\n83.0\n\n\n48.2\n\n\n131.2\n\n\n\n\nGross profit\n\n\n40.0\n\n\n9.6\n\n\n49.6\n\n\n\n\nOver...