17 Jul 2013 07:00
17 July 2013
e2v technologies plc
Interim Management Statement
e2v technologies plc, the specialist provider of technology solutions for high performance systems, today provides an Interim Management Statement covering the period from 1 April 2013 to the current date. The comments on historic trading relate to the period 1 April 2013 to 30 June 2013.
As previously highlighted, the Group has had a slow start to the year; this reflected weak demand in Europe and the US. Whilst we continue to be cautious about the broader economic environment, management's expectations for the Group's full year trading performance are unchanged.
Order book as at 30 June 2013 was £192m (30 June 2012: £136m) with the 12 month order book at £132m (30 June 2012: £113m).
The Group's financial position remains robust with 30 June 2013 net borrowings of approximately £6m (31 March 2013: £10m).
The next update on trading is expected on the 15 October 2013 ahead of the interim results announcement, scheduled for release on Monday 4 November 2013.
Further enquiries:
e2v technologies plc | Tel: +44 (0)1245 493 493 |
Charles Hindson, Group Finance Director |
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Website: www.e2v.com |
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Pelham Bell Pottinger | Tel: +44 (0)20 7861 2840 |
Eleanor Williamson Charles Goodwin | |
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Notes to editors
1. Net borrowings exclude capitalised borrowing costs.
2. All financial information included in this release is sourced from unaudited management accounts and excludes any exceptional items.
3. Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect the Group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.