Electrical component supplier e2v technologies said it was on track to meet full year performance forecasts after trading in line with expectations over the last four months.
However, its shares fell slightly as the firm said its order book was down on the same time last year.
The company's order book for delivery over the coming 12 months was £131m at the end of December, compared with £143m the year before, it said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Its total order book is £156m including £4m for last time buy products, down from £166m in 2010, including £12m for last time buy products.
The firm said over 50% of its revenue was now with customers outside of Western Europe, up 3% from 31 March 2011.
Net borrowings at the end of 2011 were around £33m, up from £32m at the end of September following payment of an interim dividend and the purchase of a new US facility.
The firm is targeting net borrowings , which exclude capitalised borrowing costs, at a similar level at the end of March.
-
Will UK inflation rise ahead of BoE meeting?August’s inflation report will be published at 7am on Wednesday, 17 September, one day before the Bank of England’s next rate-setting meeting
-
Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
