Steady trading at Andor Technology

Scientific digital cameras maker Andor Technology said trading conditions have remained similar to those experienced in the second half of the last financial year.

Scientific digital cameras maker Andor Technology said trading conditions have remained similar to those experienced in the second half of the last financial year.

As a result, it expects revenue for the six months to March 31st 2013 to be modestly ahead of the previous six months but profit before tax, adjusted for the amortisation of acquired intangibles, may be marginally behind the equivalent figure in the previous six months.

The maker of sensor cameras said it also expects strong cash generation with cash balances at the period end in excess of £20.0m compared to £16.3m at the end of March 2012 and £18.4m at the end of September 2012.

"The order book has strengthened, driven by strong performance in the OEM segment. In the period, Andor received two significant orders from existing OEM customers, valued at $2.6m and $2.1m respectively," the group said in a company statement.

These orders confirm customers' commitment to Andor as a supplier as well as signalling their confidence in demand for their own products. Draw down against the OEM order book was, however, less than expected in the first half, the group explained.

Its new sCMOS cameras for microscopy, the Neo and Zyla, continue to perform well and are gaining traction in the mid-range research market, it added.

Looking ahead, the group said it was positive about its future prospects as it increases its search for strategic acquisition opportunities.

CJ

Recommended

Persimmon yields 12.3%, but can you trust the company to deliver?
Share tips

Persimmon yields 12.3%, but can you trust the company to deliver?

With a dividend yield of 12.3%, Persimmon looks like a highly attractive prospect for income investors. But that sort of yield can also indicate compa…
1 Jul 2022
Don’t try to time the bottom – start buying good companies now
Investment strategy

Don’t try to time the bottom – start buying good companies now

Markets are having a rough time, so you may be tempted to wait to try to call the bottom and pick up some bargains. But that would be a mistake, says …
1 Jul 2022
Share tips of the week – 1 July
Share tips

Share tips of the week – 1 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
1 Jul 2022
Bunzl: boring is good for business
Share tips

Bunzl: boring is good for business

Food-service distribution company Bunzl is not a terribly exciting business, but it looks cheap and could be a great investment, says Rupert Hargreave…
30 Jun 2022

Most Popular

UK house prices are definitely cooling off – but are they heading for a fall?
House prices

UK house prices are definitely cooling off – but are they heading for a fall?

UK house prices hit a fresh high in June, but as interest rates start to rise, the market is cooling John Stepek assesses just how much of an effect h…
30 Jun 2022
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves looks at the FTSE 100’s top yielding stocks for income investors to consider.
22 Jun 2022
Five dividend stocks to beat inflation
Share tips

Five dividend stocks to beat inflation

During periods of high inflation, dividend stocks tend to do better than the wider market. Here, Rupert Hargreaves pick five dividend stocks for incom…
30 Jun 2022