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REG - Zytronic PLC - Notice of Results and Trading Update

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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 £8.6m, towards the higher end of previous guidance given
by the Company in its Trading Update in May 2023

·    Pre-exceptional LBITDA of £0.4m((1))

·    Closing net cash of £4.7m

 

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 £1.0m relating to
previously announced stock and doubtful debt impairment of £0.5m, costs of
restructuring of £0.3m and goodwill impairment of £0.2m. The Company expects
to report a LBITDA figure of £1.4m.

 

Enquiries:

 

 Zytronic plc                              0191 414 5511

 Mark Cambridge, Chief Executive Officer

 Claire Smith, Group Finance Director

 Singer Capital Markets                    020 7496 3000

 Nominated Adviser and Broker

 Aubrey Powell, Alex Bond, Finn Gordon

 

 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™ ("Projected Capacitive
Technology"), and MPCT™ ("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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