Zytronic PLC Notice of Results and Trading Update (0670X)
18 Dezember 2023 - 8:00AM
UK Regulatory
TIDMZYT
RNS Number : 0670X
Zytronic PLC
18 December 2023
Zytronic plc
("Zytronic" or the "Company" and, together
with its subsidiaries, the "Group")
Notice of Results and Trading Update
Zytronic plc, a leading specialist manufacturer of touch sensors
expects to announce its audited full year results for the financial
year ended 30 September 2023 ("FY23") in the first half of January
2024. Prior to the release of these results, the Company announces
the following unaudited key information for FY23:
-- Revenues of GBP8.6m, towards the higher end of previous
guidance given by the Company in its Trading Update in May 2023
-- Pre-exceptional LBITDA of GBP0.4m(1)
-- Closing net cash of GBP4.7m
Commenting on FY2024 Outlook, Chris Potts, Non-Executive
Chairman, said:
"The Group has experienced a continuation of the trends
exhibited in the second half of FY23 in the first quarter of FY24
and as a result, revenues are lower than the same period last year.
The Company benefits from a strong balance sheet and has good
visibility over its cost base over the next twelve-month
period."
(1) The exceptional figure includes one-off charges of GBP1.0m
relating to previously announced stock and doubtful debt impairment
of GBP0.5m, costs of restructuring of GBP0.3m and goodwill
impairment of GBP0.2m. The Company expects to report a LBITDA
figure of GBP1.4m.
Enquiries:
Zytronic plc
Mark Cambridge, Chief Executive Officer
Claire Smith, Group Finance Director 0191 414 5511
Singer Capital Markets
Nominated Adviser and Broker
Aubrey Powell, Alex Bond, Finn Gordon 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 laminated core that offers
significant durability, environmental stability and optical
enhancement benefits to meet systems-specific design
requirements.
Zytronic has continually developed process and technological
know-how and IP since the late 1990s around two projected
capacitance ("PCAP") sensing methodologies: trademarked by Zytronic
as PCT(TM) ("Projected Capacitive Technology"), and MPCT(TM)
("Mutual Projected Capacitive Technology"), in which Zytronic
presently holds 15 internationally granted patents.
Zytronic operates from a single site near Newcastle-upon-Tyne in
the United Kingdom, providing its manufactured products globally
through a number of sales channel partners. Zytronic is relatively
unique in the touch eco-system as it offers a complete one-stop
solution including the processing internally of the form and factor
of the glass and film substrates, the assembly of the associated
touch overlay products in environmentally controlled cleanrooms to
customers' specific requirements, and the development of the
bespoke firmware, software and electronic hardware which links the
manufactured touch interactive overlays to a customer's integrated
system and product.
For more information about the Group's technologies and
products, please see www.zytronic.co.uk and for information about
the Group, please see www.zytronicplc.com.
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END
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