LONDON (Alliance News) - High-performance-systems technology company e2v Technologies PLC, Wednesday said it has performed in line with expectations for the first quarter, but said it was hurt by foreign-exchange movements and saw a slight dip in its order book.
e2v produces components and sub-systems for the medical, science, aerospace, defence, commercial and industrial markets.
In a statement Tuesday, the company said its trading performance in the quarter was held back by currency movements, while its order book fell slightly in the period. The company said it has some "specific project orders" to secure for its space and defence activities, to support anticipated growth.
"Although we remain cautious about the broader economic environment, management's expectations for the group's full year trading performance, after absorbing the effect of current foreign exchange rates, remain unchanged," it said.
The company said its financial position remains strong. e2v said it will release its full interim results on November 3.
e2v Technologies shares were down 1.1% at 158.28 pence Wednesday morning.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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