Zarlink Delivers Strong Fiscal 2010 and Fourth Quarter Results
OTTAWA, CANADA, May 27, 2010 – Zarlink Semiconductor (TSX: ZL) today issued Fiscal 2010 year end
and fourth quarter results for the 12- and three-month periods ended March 26, 2010. All figures are is U.S.
dollars unless otherwise noted.
Fiscal 2010 Financial Highlights
Q4 Fiscal 2010 Financial Highlights
“Fiscal 2010 was a strong year for Zarlink in terms of financial and operational performance, with sales
accelerating in the fourth quarter and now extending into Fiscal 2011,” said Kirk Mandy, President and CEO,
Zarlink Semiconductor. “During the year we increased our gross margins, strengthened our bottom-line results
and generated significant cash from operations, despite a challenging economic environment. Sales gained
momentum as the year progressed, resulting in significant year-over-year and sequential growth in the fourth
quarter, which we expect to continue in Fiscal 2011 with first quarter revenue growing sequentially by another
3% to 5%.”
Mr. Mandy continued: “Through customer design wins and the launch of new products throughout the year, we
grew our presence in the key network timing and line circuit segments of the communication market, and
solidified our position in the medical wireless market. In each of these areas, we believe there are immediate and
emerging opportunities where we can leverage our expertise to grow the business. Our leading position in these
market segments, combined with our improving balance sheet and cost structure, provide a technology roadmap
and a solid financial footing to support our continued progress.”
Fiscal 2010 Financial Results
Fiscal 2010 revenue was $220.1 million, compared with $227.2 million in Fiscal 2009. Communication Products
group revenue increased to $141.4 million from $140.0 million in Fiscal 2009 as a result of ramping demand for
Zarlink’s network timing and line circuit products in the second half of the year.
Medical Products revenue