Tronics, a manufacturer of industrial sensors, reported higher results on Thursday evening for its offbeat fiscal year, which ended at the end of March.

The Crolles-based group, which is owned by Japan's TDK, says it generated consolidated sales from continuing operations of 13.6 million euros, up 6% on the previous fiscal year.

In a press release, Tronics reports that business was driven by growing demand for its high-performance digital MEMS inertial sensors.

The group - which explains that it is focusing on improving production efficiency and controlling costs - says that as a result, it increased operating profit from continuing operations by 39% over the year, to 1.4 million euros.

In terms of margin, operating profit now represents more than 10% of sales, compared with 8% in the previous year.

For its new financial year, which started at the beginning of April, Tronics explains that it intends to continue growing sales of inertial sensors manufactured at Crolles, while accelerating the marketing of its high-performance inertial sensor product lines.

The company also plans to continue investing in R&D in order to broaden its portfolio of innovative inertial MEMS products for heavy-duty, high value-added industrial inertial applications.

Following this publication, the share price fell by more than 4% on Friday on the Paris Bourse, but still posted a gain of more than 16% over the past three months.

Copyright (c) 2024 CercleFinance.com. All rights reserved.