Touch sensors specialist Zytronic says it has improved performance despite continued unpredictability across its supply chains and key markets.
The Blaydon-based firm reported a rise in revenue to £12.3m from £11.7m in the year to the end of September and said sales of its technology were boosted across its gaming and vending markets, but offset by a significant fall in financial markets where its tech was no longer being used in the latest cash machines. Investors on the London Stock Exchange were told the weighting of sales across the year was much closer to historic, pre-pandemic patterns.
As group operating profit increased from £453,000 to £695,000, Zytronic said it was confident the return of global business development and marketing activity following Covid restrictions would start to yield results. Across its gaming business the firm doubled sales to key customers in South Korea and said it hoped renewed activity for its key Las Vegas gambling market would pick up in 2023.
