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    DIA   GB0033057794

DIALIGHT PLC

(DIA)
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Dialight : Trading Statement

04/29/2020 | 02:08am EDT

Dialightplc

('Dialight' or 'the Group')

DIALIGHT - MANUFACTURING FACILITIES UPDATE

Dialight plc (LSE: DIA.L), the global leader in sustainable LED lighting for industrial applications, is today issuing the following update relating to its manufacturing footprint further to its announcement on 21 April 2020.

We have now received notification that our Mexican manufacturing facilities can reopen. We intend to initiate a phased restart from today.

Similarly, on 22 April 2020 we received notification from the Malaysian government that our Penang manufacturing facility could reopen. We have already initiated a phased restart.

Following these restarts, all our manufacturing facilities will be operational, albeit on reduced capacity in line with local constraints. Enhanced levels of health, safety and welfare measures are being operated for our staff at all our facilities.

Fariyal Khanbabi, Group Chief Executive, said:

'We are delighted to have our manufacturing facilities open and operating again, highlighting the critical nature of our products. The Group continues to focus on business continuity, meeting customer orders and tight cash management.'

Contacts:

Dialight plc

Tel: +44 (0)203 058 3542

Fariyal Khanbabi - Group Chief Executive

Tel: +44 (0)203 058 3542

Ronan Sheehy - Interim Group Finance Director

About Dialight:

Dialight (LSE: DIA.L) is a global leader in sustainable LED lighting for industrial applications.Dialight's LED products are providing the next generation of lighting solutions that deliver reduced energy consumption and create a safer working environment. Our products are specifically designed to provide superior operational performance, reliability and durability, reducing energy consumption and ongoing maintenance and achieving a rapid return on investment.

The company is headquartered in the UK with operations in the USA, UK, Germany, Malaysia, Singapore, Australia, Mexico, Dubai and Brazil. www.dialight.com.

Notes:

1. This announcement contains inside information on Dialight plc.

Disclaimer

Dialight plc published this content on 29 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2020 06:07:04 UTC


© Publicnow 2020
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Sales 2021 126 M 173 M 173 M
Net income 2021 3,10 M 4,26 M 4,26 M
Net Debt 2021 9,90 M 13,6 M 13,6 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 370,00 GBX
Average target price 327,50 GBX
Spread / Average Target -11,5%
EPS Revisions
Managers and Directors
Fariyal Khanbabi Group Chief Executive Officer & Executive Director
Clive Adrian Roynon Jennings Chief Financial Officer
Karen J. Oliver Chairman
David Thomas Senior Independent Non-Executive Director
David Wayland Blood Non-Executive Director
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