Analyst Research Report Snapshot

Title:

CML MICROSYSTEMS - FOCUS REAPS REWARDS

Price:

$10.00

Provider:

Edison Investment Research

Date:

06 Dec 2013

Pages:

12

Type:

AcrobatPDF

Companies referenced:

CML.L FIO.N FTC.L SEPU.L SIMO.OQ SORA.L WLF.L

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Summary:

CML’s financial performance continues to show the benefit of good execution on its strategy of targeting niche markets that are underserved by larger chip competitors. Operating profit increased by 28% in H1, with operating margins reaching a 10-year high at 23.5%. Nevertheless, with the portfolio substantially broadened, continued execution should drive further strong margin expansion and earnings growth.

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