Elektron Technology PLC (LON:EKT) said in a trading update ahead of its annual general meeting (AGM) that the board expects sales for the full year to be ahead of last year.
The AIM-listed firm said its technology connectivity brand Bulgin's order book is significantly stronger than a year ago with both the order book and year to date orders at new record levels.
READ: Elektron’s profits rise on reduced revenues
Sales at the half year are expected to be at least £1mln ahead of last year's £12.5mln.
”As a result of continued strong demand and despite order visibility of around 12 weeks, the board now expects sales for the full year to be ahead of the £27.3mln achieved last year,” Elektron said.
Checkit, the group's SaaS model business, continues to make strong progress and is in advanced discussions with a number of global businesses with a view to adoption of its disruptive technology.
The company said Elektron Eye Technology continues to trade in line with expectations.
In early morning trading Elektron’s shares rose 3.8% to 41.0p