Interim Results for the six months to 30 June 2008
SPI Lasers plc (AIM:SPIL), a leader in the design, development, engineering, and manufacture of optical fibre-based lasers, today releases its Interim Results for the six months to 30 June 2008.
Highlights
- Turnover of £6.1 million (H2 2007: £5.9 million, H1 2007: £7.2 million)
- Gross loss of £0.4 million (H2 2007: £1.2 million, H1 2007: £0.7million)
- Loss after taxation £4.6 million (H2 2007: £7.0 million, H1 2007: £5.3million).
- Cash on hand at the half year £5.7 million (H2: 2007: £11.2 million, H1 2007: £6.8million)
- Introduction in the period of new platforms for MICRO, MARKING and MEDICAL becoming established and shipping to customers in volume
- New platforms yielding anticipated improvements in gross margin
On 9 September 2008, TRUMPF International Beteiligungs-GmbH, a 100% subsidiary of TRUMPF GmbH + Co. KG (“TRUMPF”), announced a recommended offer to acquire 100% of the issued and to be issued share capital of SPI. Under the terms of the acquisition, SPI shareholders will receive 40 pence in cash for each SPI share (the “Offer”). For further details please refer to the announcement made on 9 September 2008.
David Parker, Chief Executive of SPI, said: “We are proud of our achievements to date, and in particular during 2008. However, there is no doubt that with the support of the TRUMPF organisation we can take the business to a higher level and be a major player in this exciting sector. We see many opportunities to leverage our world class technology position into new products and markets and look forward to working within the TRUMPF group to achieve this.”
For further information:
Panmure Gordon
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