CML Microsystems plc provided earnings guidance for the fiscal year ending March 31, 2023. The Board reported that trading results for fiscal year 2023 are expected to be in line with current market expectations, with revenues of circa £20.5 million and profit before taxation close to £3.1 million. The forward order book remains healthy and serves to underpin the outlook for further growth across the next financial year.

Following the recent grant of planning permissions on excess land at the Group's Essex Headquarters site, and as a supplement to normal trading activities, the Board reported that completion on the sale of the associated first parcel of land has now taken place. As a result, an additional profit before tax of circa £2 million will be realised in fiscal year 2023 in the form of other income.