Export success sees Zytronic turnover hit £21.3m

Export success sees Zytronic turnover hit £21.3m

Increasing demand for Zytronic’s touch sensors overseas has seen the Blaydon-based company’s turnover hit a record £21.3m.

The success has been heavily driven by increasing demand for its products from the Asia Pacific region which saw exports grow from £2m to £6.1m in the past year.

The manufacturer continues to focus heavily on exports, with £19.7m or 93% of its revenues attributable to export sales.

This has led to revenues for the year ended 30 September increasing by 13% to £21.3m with profit before tax increasing by 39% to £4.5m.

Speaking on the success, Tudor Davies BSc, Zytronic chairman, said: “The year has started positively with maintained momentum and a continued drive to develop product functionality and expand the global sales footprint.

“We continue the focus on increasing shareholder value and shall update shareholders on progress and material developments during the course of the coming year.”

Despite its huge sales surge in the Asia Pacific, the EMEA region remains by far Zytronic's largest export region at £8.9m or 45% of total exports.

The Americas, significantly influenced by sales in the gaming market in 2014, also recorded total revenue growth of nearly 10% to £4.7m, which accounts for 24% of its total exports.

Zytronic operates from three factories near Newcastle assembling its touch sensors using special glass and plastic materials.