StockMarketWire.com - Dialight is encouraged by the strong demand for LED lighting that it has experienced in recent months and its expectations for the full year remain unchanged.

An interim management statement says: "Our Lighting business continues to perform well, with strong sales and order growth in the year to date. We have continued to invest for further growth in our Lighting business by strengthening our sales teams and increasing the capacity and capability of our Mexican plant. We are also well advanced with plans to increase production capacity in Malaysia. These measures will increase Lighting's productive capacity to meet our anticipated growth trajectory for the medium term.

"As in recent years, Lighting's orders are weighted to the second half of the year and in particular to the seasonally-strong fourth quarter. Order input to date, especially in North America, has been robust. Sales during the period have lagged behind orders because of certain component delays and some disruption arising from our investment to increase production capacity and capability. Both of these sources of delay have now been resolved and production is currently running at levels sufficient to meet year-end expectations. While any further major unforeseen disruptions to production could result in additional slippage this year, we are encouraged that underlying market demand is strong and production is running smoothly at this time.

"In the Signals Segment, the performance of our Obstruction business continued to improve steadily. Our Traffic business remained in line with expectations.

"The performance of our Components segment remained steady. This business continues to make a solid contribution to the Group's profitability and cash generation."


At 9:00am: [LON:DIA] Dialight PLC share price was -8p at 808.5p



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