LONDON (Alliance News) - e2v Technologies PLC Monday maintained its outlook for its current financial year, assuming no further deterioration in market conditions, and said it remains cautious on the broader economic environment as it posted a decline in pretax profit for its recently ended financial year.
For the year to end-March, e2v Technologies posted a pretax profit of GBP30.1 million, down from GBP33.1 million a year before, as a rise in revenue to GBP224.9 million from GBP217.7 million was offset by exceptional costs of GBP9.0 million, mostly related to restructuring of its business during the year.
e2v Technologies said it saw good growth in its Radiotherapy segment on increased demand from original equipment manufacturer customers. There also was increased demand in its Industrial Vision segment as growth from its recently introduced camera products offset declines in older models. The positive results from these two segments offset a hit from currency exchange rates in e2v's Semiconductors business and lower demand in its Thermal Imaging segment.
Its acquisition AnaFocus contributed revenue of GBP5.8 million in its first half year of ownership, which e2v Technologies said was ahead of its expectations at the time it acquired the company.
e2v had a closing order book of GBP191 million, up from GBP184 million a year before, due to good order intake in its Space and Professional Imaging businesses.
The components and sub-systems designer and supplier proposed final dividend of 3.6 pence, taking its total dividend for the year to 5.1 pence, up 15.9% from 4.4p a year before.
"Overall, we have delivered a good performance, including a strong finish to the year, in what remained challenging markets," said Chief Executive Officer Steve Blair in a statement. "Over the forthcoming year our focus will continue to be on our customers, innovation and operating with excellence which, we believe, will enable us to deliver growth."
Shares in e2v Technologies are trading down 3.7% at 232.00 pence Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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