5th Oct 2007 07:00
e2v technologies PLC05 October 2007 5 October 2007 e2v technologies plc Trading Update e2v technologies, the specialist developer and manufacturer of high-technologyelectronic components and sub-systems, is today providing its regular period endtrading update for the six months to 30 September. The interim results will beannounced on 12 November 2007. Overall, the group's performance in the first half is in line with expectationsand is consistent with the guidance given in the Interim Management Statementissued on 16 August 2007. Group sales growth in the period was led by strong demand in the aerospace anddefence sector for sub-systems within the electronic tube product group, whilstthe sensors and semiconductor product group benefited from a full six monthstrading from the Grenoble facility acquired in July 2006. Looking forward, sales and profits are continuing to be impacted by thesustained weakness of the US dollar. In addition, the business continues to be affected by the slow down in thedental digital x-ray market, and the timing of contract awards in other sectorsis impacting order book levels. Despite these challenges, adjusted group profit before tax for the first halfwill exceed last year and with an ongoing focus on order bookings as well asoverhead cost control, the board anticipates that the full year outcome will bewithin the range of market expectations. Our work with an external consultancy, to improve customer service and enhanceoperational efficiency, continues and a further update will be provided at theinterim results. Enquiries: e2v technologies plc Tel: 01245 493493Keith Attwood/Mike Hannantwww.e2v.com Financial Dynamics Tel: 0207 831 3133Jon Simmons/Susanne Yule NOTES FOR EDITORS e2v technologies plc e2v technologies is a leading designer, developer and manufacturer ofspecialised components and subsystems, falling within two product groups: • Sensors and Semiconductors • Electronic tubes These products enable some of the world's leading OEMs to deliver innovativesystems for medical and science, aerospace and defence, and commercial andindustrial applications. For the year ended 31 March 2007, e2v achieved sales of £174m and is listed onthe London Stock Exchange (e2v.l). e2v's products are supplied into three core market areas: • Medical & Science: Sensor and Semiconductor technology includes imaging sensors for intra-oral and panoramic dental X-ray, mammography, life science applications and X-ray microscopy. Electronic tubes are the enabling technology behind radiotherapy cancer treatments, microwave medical therapy and high-energy physics • Aerospace & Defence: Sensor and Semiconductor technology includes military surveillance, targeting and guidance, space-based imaging and astronomy, radar & electronic warfare and broadband data converters and microprocessors for aerospace applications. Electronic tubes provide the enabling technology behind radars, electronic countermeasures (ECM), electronic warfare and satellite communications. • Commercial & Industrial: Sensor and Semiconductor technology includes marine radars, industrial safety sensors, automotive radars and alarms, thermal imaging cameras used by fire fighters, CCD and CMOS high resolution line scan cameras for industrial inspection. Electronic tubes provide enabling technology behind TV broadcast, satellite communications, marine radar and food & industrial processing. The overall purpose of the business is to grow sustainable shareholder valuewhilst appropriately meeting the expectations of customers, people, partners,suppliers and the wider community. e2v's vision is to create value throughbright ideas in technology and materials science. The Group's mission is toplace customers at the heart of the business, providing enabling products ofpremium quality that extend technical barriers and enhance the competitiveposition of our partners. e2v has approximately 1,800 employees worldwide with three UK basedmanufacturing sites in Chelmsford, Lincoln and High Wycombe, one in Grenoble,France, and since May 2007 a site in Neuchatel in Switzerland. In additione2v has sales offices in the UK, USA, Germany, France and Hong Kong as well as anetwork of distributors and representatives covering other key territories. Further information on e2v technologies plc is available from its website,www.e2v.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
E2V.L