ZYT Zytronic Plc

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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December 18, 2023 02:00 ET (07:00 GMT)

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