half year report24 Jun 2015 15:50
Significant reduction in H1 profit, due to delays in order receipts and customer acceptance
· Full year expectations unchanged - more than 75% of required H2 revenue now in order book
· Order book £502.8 million at 30 April 2015 (2014: £401.8 million), £208.8 million for delivery in the current year
· Significant orders exceeding £50.0 million received since period end, with deliveries scheduled to start in H2, and further material orders expected to be secured in H2 in all three segments
· Key strategic wins on long-term US Sensors & Electronics development programmes
· Restructuring of operations to reflect long-term programmes and opportunities
· Interim dividend maintained at prior-year leve