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

The top funds to invest in now
Funds

The top funds to invest in now

As market volatility continues, here are the top funds, stocks and investment trusts investors are putting their money into, according to one investme…
2 Dec 2022
7 sin stocks to buy yielding up to 8%!
Share tips

7 sin stocks to buy yielding up to 8%!

Sin stocks don’t have the best reputation, but when it comes to investment returns, they’re certainly worth a closer look.
2 Dec 2022
Share tips of the week – 2 December
Share tips

Share tips of the week – 2 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
2 Dec 2022
3 emerging-market stocks to watch
Share tips

3 emerging-market stocks to watch

The top emerging-market stocks to keep an eye on, according to Union Bancaire Privée’s Eli Koen.
1 Dec 2022

Most Popular

Is it cheaper to leave the heating on low all day?
Personal finance

Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on …
1 Dec 2022
Fan heater vs oil heater – which is cheaper?
Personal finance

Fan heater vs oil heater – which is cheaper?

Sales of portable heaters have soared, as households look to cut their energy costs. But which is better: a fan heater or an oil heater? We put them t…
21 Nov 2022
The pros and cons of smart meters – should you switch?
Personal finance

The pros and cons of smart meters – should you switch?

A smart meter can help you keep tabs on your energy usage, but is it better than a regular meter? We take a look at smart meters vs regular meters.
2 Dec 2022