North East touch sensor specialist predicts no return to profits this year
A North East manufacturer has reported that it does not expect to see a return to profits in this financial year.
Zytronic, a specialist manufacturer of touch sensors based in Blaydon On Tyne, has said that the constraints imposed by the pandemic have affected its overseas gaming markets.
However, the company also reported that the downturn in sales it saw in the second half of last year has now levelled out, settling at approximately £2m for the quarter.
Zytronic said: “The reorganisation and cost reduction measures undertaken by management last year have enabled us to maintain a positive EBITDA and we have seen a slight increase in orders in the new financial year to date.
“However, with the constraints imposed by the coronavirus pandemic, that are affecting our major overseas markets such as gaming, it is difficult to foresee a return to profits in this financial year.
“A recovery to historic levels will depend on how quickly there is an effective vaccination programme enabling a return to normality.”
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