Zytronic has given a subdued trading update for H1 19 and reduced guidance for the full year. Adjusted PBT is expected to be c.£1.4m for H1 19 vs. £2.2m in the comparative period. This has been driven by the Gaming sector, reflecting slower than expected conversion of opportunities to orders and an unhelpful mix effect from lower sales of large panels. The decline in Gaming outweighed stronger performances from the group’s other sectors. Management remains cautious on the level and timing of rec ....
02 May 2019
Expectations reduced, driven by Gaming
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Expectations reduced, driven by Gaming
Zytronic plc (ZYT:LON) | 55.0 0 0.0% | Mkt Cap: 5.59m
- Published:
02 May 2019 -
Author:
Jo Reedman -
Pages:
3
Zytronic has given a subdued trading update for H1 19 and reduced guidance for the full year. Adjusted PBT is expected to be c.£1.4m for H1 19 vs. £2.2m in the comparative period. This has been driven by the Gaming sector, reflecting slower than expected conversion of opportunities to orders and an unhelpful mix effect from lower sales of large panels. The decline in Gaming outweighed stronger performances from the group’s other sectors. Management remains cautious on the level and timing of rec ....