Dialight Plc - Trading Statement
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("Dialight" or the "Group")
AGM trading update - encouraging start to the year
Dialight plc (LSE: DIA.L), the global leader in sustainable LED lighting for industrial applications, is today issuing the following AGM trading update.
Current Trading and Outlook
While previously highlighted Covid-19 impacts continue, current trading is in line with management expectations, with orders ahead of expectations. Our focus will continue to be on meeting our customer needs and thereby growing our revenues. The Group's outlook for the year remains unchanged.
For the longer term, the actions we took during 2020 mean we are strongly positioned to return to significant growth as the pandemic eases. The demand for more environmentally friendly lighting products is growing as the focus on net zero continues to gain momentum around the globe.
We have mitigated against potential raw material shortages by increasing our inventory. As a result, net debt at 30 April 2021 was £14.4 million compared to £11.4 million at 31 December 2020.
The Group's interim results are expected to be published in early August 2021.