CML MICROSYSTEMS PLC CML Microsystems Plc
Annual Report and Accounts FY23
Strategic report | Directors' report | Financial statements | Other information |
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About us
We develop mixed-signal, RF and microwave semiconductors for global communications markets.
Strategic report | Directors' report | ||||
01 | Financial highlights | 34 | Board of Directors | ||
01 | Operational highlights | 35 | Senior management team | ||
02 | At a glance | 36 | Corporate governance report | ||
04 | Chairman's statement | 37 | Corporate governance statement | ||
07 | Market opportunity | 40 | Directors' remuneration report | ||
08 | Investment case | 47 | Directors' report |
- Business model and strategy
- Strategic pillars
- Key performance indicators and risks
- Principal risks and uncertainties
- Group Managing Director's review
- Environment, social and governance
- S172 and stakeholders
Financial statements | Other information | ||
52 | Statement of Directors' responsibilities | 113 Five-year record | |
53 | Independent auditor's report | 114 Shareholder information | |
60 | Consolidated income statement | 116 Glossary | |
61 | Consolidated statement of total | 116 Advisors | |
comprehensive income |
62 Consolidated statement of financial position
64 Consolidated and Company cash flow statements
66 Consolidated statement of changes in equity
68 Company statement of financial position
70 Company statement of changes in equity
72 Notes to the financial statements
www.cmlmicroplc.com
1 | CML Microsystems Plc | Strategic report |
Annual Report and Accounts FY23 |
Financial highlights
Revenue | Operating profit, before exceptional items | ||
(£m) | (£m) | ||
20.64 | 22% | 2.93 | >100% |
(2022: 16.96) | Operating profit, reported | ||
(£m) | |||
4.99 | >100% | ||
(2022: 1.21) | |||
Adjusted EBITDA1 | Dividend | ||
(£m) | (p) | ||
5.90 | 37% | 11p | 22% |
(2022: 4.31) | (2022: 9.00) |
Operational highlights
- Revenue growth broad based
- Resilient end-markets
- 25% of revenues invested in R&D
Directors' report | Financial statements | Other information |
Pre-tax profit | Basic earnings per share | ||
(£m) | (p) | ||
5.22 | >100% | 30.29 | >100% |
(2022: 1.74) | (2022: 7.45) |
Net assets per share | Net cash | ||
(p) | (£m) | ||
319.65 | 7% | 22.26 | (11)% |
(2022: 299.81) | (2022: 25.04) |
- Seven new products released
- Continued customer adoption of the expanding product range
- Entry into broadcast sector through low-power DRM receiver solution
1. For definition and reconciliation see note 12.
2 | CML Microsystems Plc | Strategic report | Directors' report | Financial statements | Other information |
Annual Report and Accounts FY23
At a glance
The Company has long held an outstanding reputation for the quality of its engineering and development teams, supported by a clear strategy, depth of management and strong routes to market.
Group operations Europe | Group operations Americas | Group operations Far East | 2023 Revenue split by region |
Wuxi, China | 23% | ||
Cambridge, UK | Shanghai, China | ||
Essex, UK | North Carolina, USA | ||
58% | |||
Somerset, UK | 19% | ||
Singapore
These maps are illustrative, but not fully definitive, of our locations.
For a full list of our locations please visit our website at cmlmicroplc.com
Keys stats
Established | Design facilities | Employees worldwide | Engineers |
1968 | 3 | 139 | 40% |
Attachments
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Disclaimer
CML Microsystems plc published this content on 05 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2023 08:24:05 UTC.
