ShareCast News for E2v Tech (E2V)
Mon, 30th Jan 2012 09:30
Electrical component supplier e2v technologies said it was on track to meet full year performance forecasts after trading in line with expectations over the last four months.
However, its shares fell slightly as the firm said its order book was down on the same time last year.
The company's order book for delivery over the coming 12 months was £131m at the end of December, compared with £143m the year before, it said.
Its total order book is £156m including £4m for last time buy products, down from £166m in 2010, including £12m for last time buy products.
The firm said over 50% of its revenue was now with customers outside of Western Europe, up 3% from 31 March 2011.
Net borrowings at the end of 2011 were around £33m, up from £32m at the end of September following payment of an interim dividend and the purchase of a new US facility.
The firm is targeting net borrowings , which exclude capitalised borrowing costs, at a similar level at the end of March.
e2v technologies, a specialist provider of systems and equipment, reported a drop in 2012 earnings as the company underwent a restructuring in the face of a tough trading environment.
[3 Hours Ago]Alent: Credit Suisse initiates with a target price of 430p and an outperform rating.
[6 Hours Ago]e2v technologies on Tuesday said it expects annual trading to be in line with forecasts as it ended the year with a record order book.
[16 Apr '13]Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating.
[16 Apr '13]Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating.
[31 Jan '13]A round-up of the biggest director deals today so far.
[7 Jan '13]Semiconductor maker e2v Technologies has said that full year trading will be only 'marginally below' its previous expectations, as it anticipates a strong second half to follow on from a below par first half.
[11 Oct '12]In the Telegraph, Questor is into his sausages, Cranswick sausages to be precise. The company has had a strong start to the year, up seven per cent while also organising a smooth transition of senior management when the current Chief Executive quits in August. With revenues up 8.2 per cent, profits up 2.7 per cent and the company having enough confidence to hike the dividend Cranswick is a hold.
[22 May '12]