Andor Technology sees strong sales boost

Posted on 01 Feb 2018 and read 481 times
Andor Technology sees strong sales boostWest Belfast-based Andor Technology ( — a world leader in the design and manufacture of high-performance scientific imaging cameras, plus microscopy and spectroscopy systems — achieved a 15% increase in its pre-tax profit (to £12.7 million) on the back of a strong boost in sales for the financial year to 31 March 2017.

The company, which began as a spin-out from Queen’s University, enjoyed a strong trading year, with growth recorded across the board.

Overall company revenues grew by 16%, from £59.8 million to £69.2 million, as did business in the Americas, which accounts for almost 40% of international sales, while the Asia-Pacific market, which makes up a third of international sales, grew by 24%.

The company also increased staff numbers by 11 (from 279 to 290) at its Belfast base, and it continues to invest in R&D in support of its product range.

Andor Technology is a subsidiary of Oxford Instruments plc, which paid nearly £180 million for it in February 2014. The parent company reported a £25.5 million loss in the year to 31 March 2017, after a profit of £9.7 million a year earlier.

Be seen in all the right places!

Metaltech 2018 Subcon 2018 ITM Poland / Machtool 2018 High-Tech Manufacturing & Engineering Expo MTA Vietnam 2018 Maktek Eurasia 2018 MTA Hanoi 2018 Indusmach Africa 2018 (Tanzania) Advanced Engineering UK 2018 Metalex 2018 Machine Tool Indonesia 2018 India Export News Steelfab 2019 MACH 2020