Judging by a third-quarter trading statement, E2v's (E2V) strategic focus on customer responsiveness, innovation and operational excellence appears to be paying off. Shares in the manufacturer of radio frequency and microwave components climbed 3 per cent following the update, which highlighted modest volume growth and early success with its latest acquisition.
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The group acquired Spanish imaging sensors business AnaFocus in August 2014 to capitalise on increasing demand for high-end surveillance. Such deals form part of chief executive Steve Blair's plan to double operating profits by 2020. Simplifying the business is another key objective.
