Dialight Plc - AGM Trading Update
Since the Group's full year 2018 results announcement on 25 February 2019, the Group has continued to focus on addressing its operational issues. We have continued to make progress in our recovery, including positive momentum in order intake and final assembly output. All but two of our smaller product lines have reached acceptable on-time delivery levels and all are expected to be fully recovered by the end of H1 2019. Our exit from our former manufacturing partner is ongoing and we expect this to be completed by the end of H1 2019.
We have continued to execute on our strategy to address an expanded industrial LED market by increasing our capacity to develop new products, with the first of the new products targeting an expanded market expected to launch in May 2019.
Our global end markets continue to be robust and we are increasingly well positioned to recover and grow. The Board's expectations of further progress in 2019 remain unchanged, with the Group's results to be heavily weighted to H2, reflecting both the ongoing resolution of our operational issues and normal industry seasonality.
The Group's half year results announcement for the half year ending 30 June 2019 will be released on 5 August 2019.