e2v Technologies plc reported consolidated earnings results for the full year ended March 31, 2013. For the year, the company reported revenue of £200.363 million compared to £234.615 million a year ago. Operating profit was £35.631 million compared to £35.206 million a year ago. Profit before taxation was £34.203 million compared to £32.043 million a year ago. Profit attributable to equity holders of the company of £26.729 million or 12.38 pence per diluted share compared to £23.540 million or 10.86 pence per diluted share a year ago. Net cash flows from operating activities were £22.090 million compared to £26.593 million a year ago. Purchases of property, plant and equipment were of £8.949 million compared to £14.419 million a year ago. Purchases of software were of £1.514 million compared to £1.532 million a year ago. Expenditure on product development was of £0.838 million compared to £0.767 million a year ago. The increase in profitability reflects the lower level of specific items and the profits on the disposal of the property and non-core businesses, as well as lower interest and tax costs. Adjusted operating profit was £32.2 million compared to £41 million a year ago. Adjusted profit before tax was £34.2 million compared to £32.0 million a year ago. Adjusted earnings per share were 11.07 pence compared with 13.37 pence for the same period last year. Adjusted earnings per share reflect reduced financing costs through lower borrowings and the full year benefit of its facility that was arranged in July 2011 along with a reduction in its tax rate to 23.3%. The reduction in revenue reflects the anticipated reduction following the completion of the first phase of its SLiM contract for the 68k microprocessor in the prior year. The company announced that it has recommended that a final dividend in respect of the year ended March 31, 2013 of 2.8 pence per share will be paid on August 2, 2013 to shareholders registered at the close of business on July 5, 2013. This dividend is subject to approval by shareholders at the Annual General Meeting and therefore the liability of approximately £6,031,000 has not been included in these financial statements. Looking forward, The company expects a slow start, it continue to anticipate modest revenue growth for fiscal 2014, reflecting the strength of its order book. The company remains cautious about the broader economic environment, and the potential impact on orders received and delivered in the year.

e2v Technologies plc provided earnings guidance for the financial year ended March 31, 2013. For the year, the group revenue excluding the disposal businesses is expected to be around £197 million, down 10% compared with the last financial year, reflecting challenging markets, delayed order placement and limited progress on space programmes. With the actions taken by management to contain costs and implement its on-going restructuring programmes, the full year trading performance is expected to be in line with expectations.

e2v Technologies plc has been awarded a €10 million contract to deliver Charge Coupled Device imaging sensors for the European Space Agency's (ESA) Euclid space science mission. This contract follows the successful development contract awarded to e2v in 2010 and the revenue will be realised over the five years to 2018. The satellite is expected to launch in 2020 and during a 6 year mission in orbit it will survey up to two billion galaxies, to better understand the expanding geometry of the universe.