Wolfson Microelectronics plc (LSE: WLF) a leading supplier of mixed signal semiconductors for the digital consumer electronics market, announces its unaudited financial results for the half year to 30 June 2004. 

FINANCIAL HIGHLIGHTS

Revenue increased by 94% to $56.9m (H1 2003, $29.3m) 
Gross margin improved to 50% (H1 2003, 46.4%)  
Profit before tax increased by 123% to $9.3m (H1 2003, $4.2m) 
Diluted earnings per share increased 94% to 5.77c (H1 2003:2.98c)

OPERATIONAL HIGHLIGHTS

158 design wins in the period
9 new products introduced in the period
Continued strong uptake of products by major OEMs
Increased sales in Japan and Korea to 29% of group turnover 
31 new technical and commercial staff

Commenting on the results David Milne, CEO of Wolfson Microelectronics, said:

We are delighted with the continued strong growth and profitability of the company. This is our sixth consecutive half year of revenue and profit growth. We continue to enhance our position in some of the fastest growing digital consumer markets with our expanding portfolio of unique mixed signal products. Our current order backlog and design win momentum gives us confidence that we will achieve strong year on year growth in 2004 with high growth continuing through 2005”.


DAVID MILNE (CEO), INTERVIEW

VIEW FULL INTERIM RESULTS AS PDF (88k)