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7 December 2021 |
Zytronic plc
(“Zytronic” or the “Company”
and, together with its subsidiaries, the “Group”)
Final Results for the year ended 30 September 2021 (audited)
Zytronic plc, a leading specialist manufacturer of touch sensors, announces its audited full year results for the period ended 30 September 2021.
Overview
- Recovery in H2 revenue of 44% with growth from Gaming 99%, Vending 63% and Financial 29%
- Gross margin improved to 30.3% (2020: 20.1%) due to production efficiencies from restructuring in 2020
- EBITDA of £1.4m (2020: £0.7m) and a return to profitability with profit before tax of £0.5m (2020: loss of £0.4m)
- Earnings per share of 3.0p (2020: loss per share of 1.8p)
- Dividend proposed of 1.5p (2020: Nil)
- Successful Share Tender offer, returning £6.7m cash and cancellation of 4.6m shares
- Closing net cash of £9.2m (2020: £14.0m)
Commenting on the outlook, Chairman, Tudor Davies said:
“ The first two months of the year have seen an improvement in order intake, and with the improved margins and levels of demand across most sectors, this provides the basis for good progress in the coming year.”