Dialight Reports Soaring LED Lighting Revenues for 1H14

Dialight plc ("Dialight" or the "Group"), the UK-based leader in applied LED technology, announces its unaudited results for the six months ended 30 June 2014. 

Financial highlights (£'m)

H1 2014

H1 2013

 Change

Change at
 constant
 currency

Group revenue

70.9

59.9

+18%

+25%

Group underlying operating profit

6.5

5.5

+18%

+26%

Lighting revenue

43.0

29.3

+46%

+53%

Lighting operating profit

7.1

4.4

+60%

+73%

Underlying EPS (p)

14.2

11.6

+22%

n/a

Interim dividend per share (p)

5.2

4.9

+6%

n/a

Net cash

2.8

11.2

n/a

n/a

Key points

  • Lighting revenue increased 46 percent (53 percent at constant currency) to £43.0 million (US $ 73.03 million)(H1 2013: £29.3 million)
  • Lighting operating profit up 60 percent to £7.1 million (H1 2013: £4.4 million)
  • Underlying operating profit increased 18% (26% at constant currency) to £6.5 million (H1 2013: £5.5 million)
  • Statutory operating profit increased 7 percent to £5.4 million (H1 2013: £5.1 million)
  • Underlying earnings per share 14.2p (H1 2013: 11.6p)
  • Closing net cash £2.8 million (31 December 2013: £7.1m) with new £25 million 4-year committed bank facility signed
  • Interim dividend increased 6.1 percent to 5.2p (H1 2013: 4.9p)

Roy Burton, Group Chief Executive, said:

"Our continued focus on addressing the LED lighting needs of the hazardous and heavy industrial markets has produced considerable growth in both sales and underlying operating profits. This is a very significant market where our sales have been very strong but the market penetration is still limited. The opportunity for growth is substantial and the Board remains confident that the Group is well positioned to capitalize on this opportunity.

For the current year the Group continues to trade in line with the Board's expectations despite the continuing currency headwinds." Please click here for full report.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Figure 1. Overall concept of face-fit surface-lighting micro-LEDs (FSLED) mask. a. Optical image of the FSLED mask showing uniform surface-lighting. schematic illustration of the FSLED mask. The 2D to 3D transformation procedure b. Difference ... READ MORE

The next generation of high-performance LEDs is now available: the OSCONIQ® C 3030 from ams OSRAM. Engineered for demanding outdoor and stadium lighting applications, this cutting-edge LED series combines exceptional intensity with thermal... READ MORE