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CSR plc hosts Capital Market Day

Released 07:00 27-Jun-2013

RNS Number : 9612H
CSR plc
27 June 2013

27 June 2013


CSR plc

CSR plc hosts Capital Market Day

CSR plc (LSE: CSR.L) ("CSR") will today host a Capital Market Day at its offices in Cambridge

CSR will present its platform strategy, focused on targeting attractive end markets with its integrated technology platforms to drive higher margins and returns. There will be presentations on its Core business, including the nascent markets of Bluetooth Smart and Indoor Location, in addition to a strategy review by Joep van Beurden, CEO and a financial overview from Will Gardiner, CFO.

CSR will also be demonstrating a number of its innovative products.

On 8 May 2013, CSR announced that it expected second quarter revenues to be in the range of $245 million to $265 million. Trading has progressed well and CSR now expects revenues of between $255 million to $265 million for Q2 2013.

CSR expects its total serviceable addressable market to grow from approximately $3.6 billion in 2013 to $6.7 billion in 2018, (excluding revenues from the yet to be commercially introduced market of indoor location), representing a compound annual growth rate of 13 per cent.  Currently CSR has approximately 20 per cent of this market.

The Capital Market Day presentation will be held from 3pm to 5pm and will be webcast. Further details can be found at

CSR has completed its $50 million buyback which was announced on 21 February 2013.


CSR plc

FTI Consulting

Joep van Beurden, Chief Executive Officer

James Melville-Ross

Will Gardiner, Chief Financial Officer

Jon Snowball

Jeffery Torrance, VP Investor Relations

Tel: +44 (0) 20 7831 3113

Paul Sharma, Investor Relations Manager

Tel: +44 (0) 1223 692 000


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CSR plc hosts Capital Market Day - RNS