AGM Statement
CML Microsystems Plc announced at its Annual General Meeting that the business entered FY27 with strong momentum, continuing a positive trend from the prior year's final quarter with both revenue growth and an improving order intake. Trading in the opening months of the current financial year has been robust, with revenue in line with and order intake ahead of expectations, driven by firmer demand across all key market verticals. The Board is confident in its growth strategy, and a return to operational profitability is now anticipated earlier in the current financial year than previously forecast.
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CML Microsystems Plc (AIM: CML), which develops mixed-signal, RF and microwave semiconductors for global communications markets, will hold its Annual General Meeting today at 9.30am at which Nigel Clark, Non-Executive Chairman, will provide the following trading update.
Trading Update
The business entered FY27 with encouraging momentum following a positive final quarter in the prior financial year with both revenue growth and an improving order intake. This progress has continued into the current financial year with firmer demand across all key market verticals. This uplift has supported trading, with the opening months delivering revenue in line with, and order intake ahead of, our expectations. The Board remains confident in its growth strategy and a return to operational profitability now looks likely to be achieved earlier in the current financial year than previously expected.
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