Roy Burton, CEO for Dialight Plc (LON:DIA), highlighted key drivers that continue to improve company revenues at the 34th annual Canaccord Genuity Global Growth Conference. Of the four primary business groups —components, transportation, signals and lighting — Burton told investors revenue from signals was up by 20%, and lighting now represents 61% of continuing revenue for the first half of 2014.
Lighting is the key growth driver, Burton said, showing an increase in revenues of GBP 43 million, or 46% in the first half of this year over 2013. This has resulted in a basic EPS of 10.5 pence, compared against 12.8 pence for 2013.
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Burton says the company continues to see significant market potential in LED due to regulations for cell phone towers, with 70,000-plus remaining to be converted. In addition, Dialight continues significant day-to-day business with major operators in the industrial and manufacturing sectors.
To sustain this growth, Burton said the company has invested in sales channels as well as manufacturing and expansion capabilities, and have recently had their lighting lab NVLAP-certified. This allows them to bring the lighting products to market faster. Finally, he said Dialight has expanded management at all levels to ensure both top- and bottom-end performance.
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