Published on: November 22, 2022
Exceptionally strong results
CML’s interim results for the six months ended 30 September 2022 have significantly exceeded management’s own expectations. We do not publish half-year forecasts, but with revenue in the first half 22% ahead of H1 FY22, the Reported PBT result (£1.8m) was not far from our forecast for the full year (£2.1m). We have therefore raised our forecasts significantly for FY23 and FY24. CML’s focus on wireless communications markets, working in non-consumer, high-performance applications where customer service allows it to differentiate, is clearly demonstrating its value.