Touch sensor specialist Zytronic has warned that lingering global disruption is impacting its supply chains and order intake.
The Blaydon firm, which is listed on the London Stock Exchange, told investors the cost of raw materials and electronic components had been challenging in the second half of its 2022 financial year. In an update ahead of its full year results, Zytronic nevertheless said it expected revenues to be in the region of 5% higher than the £117m reported last year.
Pre-tax profits are also expected to hold up as the plc noted it had restarted sales and marketing activities after a near two-year hiatus. Meanwhile expansion of working capital is expected to result in a year-end cash balance of £6m.
