Growing sales of large format touchscreen sensors and the steady gains of multi-touch technology capped another strong six months of trading for Zytronic (ZYT). The group, whose products are used in everything from shopping malls and museums to casinos and bus stops, continues to grow market share in ATMs and vending, while capitalising on rising appetite for larger panel sizes.
Strong demand for higher-margin gaming and signage touchscreen sensors drove a 6 percentage point increase in gross margins to 40 per cent. That boost was only slightly offset by an increase in administration costs and the impact of currency movements, so that operating profit finished 15 per cent higher at £1.6m. That shows the group's capital expenditure and production efficiencies are paying off, argues finance director Claire Smith.