E2V.L Regulatory News (E2V)

15 Feb 2008 07:00

e2v technologies PLC15 February 2008 15 February 2008 e2v technologies PLC Interim Management Statement e2v technologies, the specialist developer and manufacturer of high technologycomponents and sub-systems, is providing an Interim Management Statementcovering trading from 1 October 2007 to 8 February 2008. Overall, Group performance remains consistent with previous statements. As previously stated, continuing strong demand for electronic sub-systems fromthe Aerospace and Defence sector is providing sales growth for the ElectronicTubes product group. Additional orders have been won since the interim reportfor both the UK and export markets. Within the Group's Sensors and Semiconductors product group, order book levelsare improving but overall demand remains below the prior year level. Growth inthis product group will be due to the inclusion of a full year's trading of theGrenoble activity, acquired in August 2006. Whilst there remains much to do in the remainder of the fourth quarter,historically this has been the Group's strongest trading period. This pattern isexpected to be repeated in the current financial year. In summary, the Board expects the overall outcome for the full year to be inline with expectations. For further information: e2v technologies plc Tel: +44 (0)1245 493493Keith Attwood/Mike Hannantwww.e2v.com Financial Dynamics Tel: +44 (0)20 7269 7291Jon Simmons/Sophie Kernon NOTES FOR EDITORS e2v technologies plc e2v technologies is a leading designer, developer and manufacturer ofspecialised components and subsystems, falling within two product groups: • Electronic tubes • Sensors and Semiconductors These products enable some of the world's leading OEMs to deliver innovativesystems for medical and science, aerospace and defence, and commercial andindustrial applications. For the year ended 31 March 2007, e2v achieved sales of £174m and is listed onthe London Stock Exchange (e2v.l). In July 2006 e2v technologies plc acquired aleading designer, manufacturer and distributor of specialised electroniccomponents and sub-systems, based in Grenoble, France and in May of 2007 e2v plcacquired MiCS Microchemical Systems SA a designer and manufacturer ofsemiconductor based gas sensors. These acquisitions strengthen the Group'sposition as a major global provider of specialised electronic components andsubsystems. e2v's products are supplied into three core market areas: • Medical & Science: Sensor technology includes imaging sensors forintra-oral and panoramic dental X-ray, mammography, life science applicationsand X-ray microscopy. Electronic tubes are the enabling technology behindradiotherapy cancer treatments, microwave medical therapy and high-energyphysics. • Aerospace & Defence: Sensor technology includes products for militarysurveillance, targeting and guidance, space-based imaging and astronomy, radar,electronic warfare, and broadband data converters and microprocessors foraerospace applications. Electronic tubes provide the enabling technology behindradars, electronic countermeasures (ECM), electronic warfare and satellitecommunications. • Commercial & Industrial: Sensor technology includes marine radars,industrial safety sensors, automotive radars and alarms, thermal imaging camerasused by fire fighters, CCD and CMOS high resolution line scan cameras forindustrial inspection. Electronic tubes provide enabling technology behind TVbroadcast, satellite communications, marine radar and food & industrialprocessing. The overall purpose of the business is to grow sustainable shareholder valuewhilst appropriately meeting the expectations of customers, people, partners,suppliers and the wider community. e2v's vision is to create value throughbright ideas in technology and materials science. The Company's mission is toplace customers at the heart of the business, providing enabling products ofpremium quality that extend technical barriers and enhance the competitiveposition of our partners. e2v has approximately 1,800 employees worldwide with three UK basedmanufacturing sites in Chelmsford, Lincoln and High Wycombe, one in Grenoble,France and one in Corcelles, Switzerland. In addition e2v has sales offices inthe UK, USA, Germany, France and Hong Kong, as well as a network of distributorsand representatives covering other key territories. Further information on e2v technologies plc is available from its website,www.e2v.com This information is provided by RNS The company news service from the London Stock Exchange