Dialight increases its 2014 full year dividend by 4%

DividendMax Ltd.

Dialight increases its 2014 full year dividend by 4%

Key points

Group revenue up by 22% to £159.8m (2013: £131.2m); an increase of 25% at constant currency

Lighting segment revenue up 46% to £99.9m (2013: £68.5m); an increase of 50% at constant currency

Lighting operating profit up 26% to £14.5m (2013: £11.5m)

Group underlying profit from operating activities up 25% to £18.1m (2013: £14.5m); an increase of 30% at constant currency

EPS - underlying EPS increased by 20% to 36.8p (2013: 30.8p)

- basic EPS increased by 12% to 29.4p (2013: 26.2p)

Recommended final dividend increased to 9.8p (2013: 9.5p) representing a total dividend for the year of 15.0p (2013: 14.4p)

Richard Stuckes, Interim Group Chief Executive, said:

"Dialight delivered strong growth in 2014. Lighting sales were up 50% at constant currency and, within the Signals segment, the Obstruction business achieved sales growth of 22% at constant currency. The results benefited from continued development of our sales channels and new product innovation.

"The adoption of LED lighting in the industrial and hazardous markets is still at an early stage and the opportunity for growth remains significant. We continue to see strong demand for our LED lighting and the Board remains confident in the future prospects of the Group."

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