Andor Technology plc (AIM:AND) – Trading in line and a first dividend
The developer and manufacturer of high performance scientific digital cameras for academic, industrial and government applications allayed investor fears with its trading update for the financial year ending 30 September 2012.
The Group confirmed that revenue will be modestly ahead of last year (2001: £57m) with earnings expected to be in line with the Board’s expectations – consensus is for pre-tax of £8.74m and eps of 20.35p. The Group continues to experience strong growth in Asia Pacific, offset by weaker sales in Europe and the US. There was reassurance from the US where a large customer that had delayed placing orders has placed new orders in the period totalling US$3.2m, deliverable during the financial year ending 30 September 2013, with further orders expected. Systems sales are expected to show a 15%…