LONDON (Alliance News) - e2v technologies PLC on Thursday said it is maintaining its expectations for the full year, assuming there is no further deterioration in its market conditions, as it expects to see modest revenue growth in its first half.
For the half year to end-September, the components and sub-systems company said it expects to report modest revenue growth after adverse foreign exchange movements since the start of the year, in line with its expectations.
It expects to post a good interim pretax profit before specific items.
The company remains "cautious over the broader economic environment, including further adverse movements in exchange rates."
e2v had net bank borrowings of GBP9 million as at September 30, compared to GBP11 million a year before, after the initial cash outflow of GBP16 million from its acquisition of Spanish imaging sensors firm Innovaciones Microelectronicas SL, known as AnaFocus, in September.
Shares in e2v are trading up 1.0% at 150.00 pence Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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