Specialist imaging group Andor Technology said it would significantly outperform expectations after strong trading in the second half of the financial year.
The group predicted revenues for the year ended September 30th 2008 would be about £24.5 million, with profit before tax not less than £2 million.
"The current order book is at a record level and looking forward to 2009 we see continued strong performance and further opportunities for growth," the company said in a statement.
Andor said its systems division, targeting Live Cell imaging, had seen strong performance, and it is predicting that revenues in the division will grow by 100 per cent on the previous year.
Meanwhile, the firm also gained from the weakness of sterling aaginst the dollar, with more than 35 per cent of Andor's revenue denominated in the dollar.
The company said earlier today that in light of the trading statement, it was reconsidering its position on a proposed takeover by Thorndale, which is being led by Andor chief executive Conor Walsh.
Management had recommended the offer of 73 pence per share, but in a statement today said it had received an approach from Carraig Capital regarding a potential offer at 76p per share in cash.
However, it is not yet certain that an offer will be made by Carraig Capital, Andor said.
