July 19 (Reuters) – British electronic component maker e2v Technologies Plc (E2V.L) said trading since March 31 was ahead of last year and it expected performance for the current financial year to be at the upper end of its estimates, helped by strong demand and order book.
The company said its order book for delivery over the next 12 months as on June 30 stood at 146 million pounds ($223.2 million), compared with 127 million pounds last year.
The increase in order book reflects improved underlying demand from certain sectors, e2v said.
Although overdue orders have reduced, they are still at an unusually high level and should return to normalised levels during the third quarter of this financial year, the company said in a statement.
Shares of e2v were up 0.8 percent at 63 pence at 0717 GMT on Monday on the London Stock Exchange. ($1=.6541 pound) (Reporting by Juhi Arora in Bangalore; Editing by Unnikrishnan Nair) ((email@example.com; within UK +44 207 542 7717; outside UK +91 80 4135 5800; Reuters Messaging: firstname.lastname@example.org))