Zytronic announce strong trading update

Gateshead technology firm Zytronic has announced it is trading "considerably ahead" of last year

Zytronic
Zytronic

The board of touch sensor specialists Zytronic has said current trading is considerably ahead of last year’s revenues and margins.

The Gateshead-based technology firm, which makes touch screen sensors used in equipment for cashpoints, gaming and vending machines and household appliances at its factories in Blaydon, made the announcement on the London Stock Exchange ahead of the firm’s AGM today.

The statement said: “The board is pleased to announce that current trading is considerably ahead of the comparable period and revenues and margins, led by an improving trend in touch sensor orders and sales, are at levels similar to the performance of the second half of last year, which is in line with management expectations.

“A further update will be given at the time of the half year results.”

In December the business said it was well on course to improve its financial performance this year despite posting a 55% drop in pre-tax profits to £1.9m for the year to September 30.

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