E2V.L Share News (E2V)

LONDON (Alliance News) - e2v Technologies Tuesday said it expects to report half-year results slightly ahead of its previous expectations after some programmes delivered earlier than planned.

The specialist high-performance technology provider also said it expects the reported performance to be below the level achieved in the same period last year, as previously indicated.

As of September 30, e2v's order book was GBP189 million, up from GBP138 million in 2012, with the 12 month order book at GBP130 million, up from GBP114 million last year.

The group's financial position remains steady, with net borrowings of approximately GBP11 million, up from GBP10 million March 31 2013.

In a statement, the company said, "We continue to be cautious over the broader economic environment, in particular the ongoing uncertainty in the US defence sector. Assuming no further deterioration in market conditions, our expectations for the Group's full year trading performance remain unchanged."

e2v will announce results for the six months to September 30 on November 4.

Shares in the company were trading down early Tuesday at 142.1 pence, down 0.46%.

By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance

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