- CML Microsystems delivered an slightly improved outlook on revenue even as market and geopolitical headwinds continued to affect performance.

The company expected to report revenue for the full year of circa £28m, representing a decrease of 11% against the prior full year period, but that was marginally better than reported in the trading update announced on 1 February 2019, the company said.

In February, the company it expected to report a 12% decline in revenues for the full year.

The company also expected to report a profit before tax of close to £3m.

'Trading in the first few weeks of the new financial year has been similar to that experienced in the preceding few months, with market and geopolitical headwinds continuing to affect performance,' the company said.

'The growing product portfolio and our expanded global sales coverage is driving the value of the Group's sales opportunity pipeline significantly higher.'

At 8:56am: [LON:CML] CML Microsystems PLC share price was -3p at 289p

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