Trading Statement
Dialight plc has provided a positive trading update ahead of its AGM, indicating that first quarter sales growth exceeded expectations and this trend is likely to continue into the second quarter. Gross margins have also surpassed management's target of 45% plus, leading to increased underlying profitability and a projected return on sales of 15% plus for the first half of the year. The company expects its adjusted profit before tax for the financial year ending 31 March 2027 to be significantly ahead of previous forecasts, with continued improvement in its net cash position.
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Dialight plc (LSE: DIA.L), a global leader in LED Lighting for heavy industrial applications and Opto-Electronics Components provides the following trading update ahead of its AGM later today.
The Group previously reported strong and growing backlog (which was well ahead of the prior year) in its 2025/26 Final Results released on 23 June 2026. Further the Group reported on 22 July 2026 that first quarter sales growth comfortably exceeded the Group's stated expectations of 3-5% plus sales growth. This rate of expected growth is now likely to continue in the second quarter of the year-to-date.
Gross margin has also continued to comfortably exceed management's ambition of 45% plus in the second quarter, with the improvement flowing directly through to increased underlying profitability. This has also meant that the Group is likely to meet the newly issued, and upgraded, return on sales target of 15% plus in the first half of the year.
There have been no non-underlying costs in the financial year to date.
The Group continues to improve on its net cash position and as indicated expects further cash generation during the remainder of the financial year.
Whilst there remains a significant proportion of the financial year still to be delivered, based on performance to date and the current outlook, the Board now believes the Group's adjusted profit before tax for the financial year ending 31 March 2027 is likely to be significantly ahead of its' previous expectations.
The Group will report its interim results for the six months ending 30 September 2026 on 10 November 2026.
Dialight's LEI is 2138001AD31KKD29Z495.
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