Led lighting manufacturer Dialight said it expected performance would be 'significantly' weighted to the second of the year following coronavirus-led disruptions to output. The order book was higher than had been expected, owing to the temporary closure of its facilities in April, the company said, though added that it was increasing deliveries to customers week-on-week to reduced the overdues backlog. Net debt for the year was expected at 'broadly in line' with year-end 2019. 'We are operating our Mexico facilities with reduced headcount and additional shifts which has enabled us to ramp up production levels to near pre- COVID levels,' the company said. 'It remains difficult to provide guidance for the full year given the uncertainty in end markets. We currently expect the trading performance for 2020 to be significantly second-half weighted,' it added. At 10:01am: (LON:DIA) Dialight PLC share price was +16p at 322p
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.