Zytronic PLC Trading Update (8817P)
22 Octubre 2021 - 01:00AM
UK Regulatory
TIDMZYT
RNS Number : 8817P
Zytronic PLC
22 October 2021
22 October 2021
Zytronic plc
("Zytronic" or the "Company" and together with its subsidiaries,
the "Group")
Trading Update
Following the trading update issued on 14 September 2021,
Zytronic, a leading specialist manufacturer of touch sensors,
provides the following pre-close update.
Although the business continues to see COVID-19 related effects,
both nationally and internationally, and particularly related to
electronic component supply issues across our full range of touch
controllers, we are pleased to announce a considerable turnaround
and a return to profitability since the half year ended 31 March
2021. Over the second half there has been an improvement in sales
and gross margins, and strong cash generation.
The improvement in trading in the second half of the financial
year compared to the first half was significant, with sales
increasing by 44% to GBP6.9m from GBP4.8m and gross margins
increasing by six percentage points to 33.2%.
EBITDA(1) for the second half is expected to be around GBP1.3m
and operating profit around GBP0.8m, enabling the elimination of
the reported first half operating loss of GBP0.3m. For the year to
30 September 2021, we expect to report EBITDA of around GBP1.5m
with an operating profit around GBP0.5m.
The improvement in trading since 31 March 2021 has also
contributed positively to the net cash position which has increased
by GBP1.4m since that date to GBP9.2m at 30 September 2021.
We expect to announce the results for the year ended 30
September 2021 in the week commencing 6 December 2021.
(1) Earnings before interest, tax, depreciation and amortisation
Enquiries:
Zytronic plc
Mark Cambridge, Chief Executive
Claire Smith, Group Finance Director 0191 414 5511
Singer Capital Markets (Nominated Adviser
and Broker)
Aubrey Powell, Rachel Hayes, Amanda Gray 020 7496 3000
About Zytronic
Zytronic is a world-renowned developer and manufacturer of a
unique range of internationally award winning optically transparent
interactive touch sensor overlay products for use with electronic
displays in industrial, self-service and public access
equipment.
Zytronic's products employ a sensing solution that is readily
configurable and embedded in a laminate core that offers
significant durability, environmental stability and optical
enhancement benefits to system designers specific requirements.
Zytronic has continually developed process and technological
know-how and IP since the late 1990's around two sensing
methodologies; the first being single touch self-capacitive which
Zytronic markets as PCT(TM) ("Projected Capacitive Technology") and
the second being multi-touch, multi-user mutual-capacitive which
Zytronic markets as MPCT(TM) ("Mutual Projected Capacitive
Technology"), in which Zytronic holds five granted patents.
Zytronic operates from a single site near Newcastle-upon-Tyne in
the United Kingdom. Zytronic is relatively unique in the touch
eco-system as it offers a complete one-stop solution from
processing internally the form and factor of the glass substrates,
assembles their touch overlay products to customers specific
requirements, in environmentally controlled cleanrooms and develops
the bespoke firmware, software and electronic hardware to link the
interactive overlays to customer's integrated systems and
products.
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END
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