Zytronic warns on trading

TOUCHSCREEN manufacturer Zytronic today warned investors that first half trading is likely to be slower than last year.

TOUCHSCREEN manufacturer Zytronic today warned investors that first half trading is likely to be slower than last year.

The Blaydon business, which makes  sensors used in equipment such as cashpoints and vending machines, blamed the issue on a number of circumstances.

It said in a trading update published ahead of today’s AGM: “This is principally due to the absence this year of one-off electronic display orders from ATM manufacturers, the discontinuation of some legacy product lines, and the delayed roll-out of the Coca Cola project, which in aggregate accounted for approximately £2m of revenue in the comparable prior period.”

The company is diversifying away from traditional display products and is expecting growth in profits and revenue later this year as a result.

 

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