Interim report
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Dialight Dialight plc ( " Dialight " or " the Group " ) Half year results 2021 Dialight plc ( LSE : DIA.L ) , the global leader in sustainable LED lighting for industrial applications , announces its half year results for the period ended 30 June 2021 . Financial summary Revenue Underlying profit ( loss ) from operating activities Profit ( loss ) from operating activities Profit ( loss ) for the period Statutory EPS - basic Net debt Key points H1 2021 £ m H1 2020 £ m 60.2 55.2 1.5 ( 5.7 ) 0.8 ( 5.5 ) 0.1 ( 3.1 ) 0.2p ( 9.5 ) p ( 12.0 ) ( 18.0 ) • Order growth of 23 % at constant currency , order book higher • Revenue growth of 17 % at constant currency driven by MRO activity , project activity remains subdued although seeing more quoting activity . Reported revenue growth of 9 % • Returned to underlying operating profit , £ 1.5m in H1 2021 • New product pipeline strengthening , two launches scheduled for H2 2021 • Ongoing robust operational performance , despite material and logistical constraints • • • Net debt at £ 12.0m , £ 0.6m higher than 31 December 2020 despite £ 4.0m inventory build to maintain uninterrupted supply H2 2021 has started well with substantial order book Expectations for full year currently unchanged Fariyal Khanbabi , Group Chief Executive , said : " The first half of 2021 has been encouraging with a significant improvement in order intake , revenue and a return to profit combined with ongoing cash flow discipline . We expect our markets to continue to recover , albeit at varying rates , while acknowledging that there are potential ongoing headwinds including currency , inflation , and supply chain constraints . We have a good pipeline of projects for the second half of the year , but our expectations remain unchanged at this stage . Longer term , our sales pipeline , ongoing product development , team strengthening , and operational performance mean we are strongly positioned to deliver significant growth as end market conditions normalise . Our customers are increasingly seeking more environmentally friendly products to help meet their net zero commitments and as market leader we are at the forefront of providing their solution . " Dialight Half year results 1