Optics.org: e2v reportes 17% sales growth for its imaging division in its annual report for the year ending March 31, 2016. The company CEO Steve Blair declared himself “delighted” with overall results. At £103.5M, the imaging division’s sales were up from £88.7M in the prior year, growing at a much faster rate than e2v’s other divisions.
CEO Steve Blair and chairman Neil Johnson noted a sharp improvement in profit margins for the imaging division. Recent changes have included the summer 2014 acquisition of Anafocus, and the sale of e2v’s thermal imaging unit.
A year ago e2v said that it had ten “problem contracts” in space imaging, of which four have now been completed and five are due for delivery within 12 months. “We have a strong position in Europe, particularly in CCD sensors, and our offering remains attractive to customers due to its long proven performance in flight,” said the e2v executives.
The increased use of sensors for industrial automation has brought on board some new customers. “We are well positioned to take advantage of the five year plan in China for automation to support the quality drive to 'made in China',” added Blair and Johnson.
Looking to the future, CEO Blair sounded a note of caution regarding the broader macroeconomic environment, but told investors that he still expected solid growth from the imaging division.
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