Excellent results from Zytronic

The rise in turnover reflects a 38 per cent jump in higher-margin touch sensor sales, which now account for 70 per cent of total revenue. This strong performance was somewhat offset by lower revenues from electronic displays, visors, laminates and diffusers. Exports accounted for 94 per cent of touch sensor sales, which was a record for the group, and the number sold last year rose by two-thirds to 121,000 units.

Sales of touch sensors have benefited from the increased use of resellers, which account for 52 per cent of revenue compared with 39 per cent last year, and growing contributions from two new products - Coca Cola's Freestyle drinks fountain, which is being rolled out across the US, and Bosch's new Gaggenau induction cooktop. There was also a 20 per cent rise in the volume of sensors used in ATM cash dispensing machines, thanks to strong demand from America and Europe.

Zytronic reports current year orders "up". Broker Brewin Dolphin has upgraded its October trading forecast. It now expects 2012 sales of £22m, but profits only a tad ahead at £3.8m subject to further news about touch sales. On those assumptions, EPS is forecast to be19.5p next year (18.1p in 2011).