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Annual Results

e2v pre-tax profits rise

16 May 2016 09:05

e2v technologies posts adjusted operating profits ofGBP42.0m for the year to the end of March - up from GBP40.1m last time.

Revenues rose to GBP236.4m from GBP224.9m and pre-tax profits of GBP37.8m were up from GBP30.1m in 2015.

The dividend of 5.4p per dhare is up from 5.1p.

Group chief executive Steve Blair said: "I am delighted with the performance of the business. We have made solid progress on 'Our vision, our future' and delivered a good financial performance, with a strong finish to the year. Over the last two years we have made good progress with our focus on customers and they are experiencing the benefits of the changes we are making. Our focus on operational excellence has delivered margin improvement in all three divisions. We are pleased to welcome the SP Devices team to e2v and we are making good progress with its integration.

"Over the coming year our focus will continue to be on our customers, innovation and operating with excellence. We believe this will enable us to continue to deliver growth. Whilst we remain cautious about the broader economic environment, our outlook for the current financial year remains unchanged with a similar first half, second half weighting to that in the previous financial year."

At 9:05am: (LON:E2V) e2v technologies PLC share price was +4.63p at 201.88p

Story provided by StockMarketWire.com

Related Company: E2V

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