UPDATE 1-Umeco Q1 sales up; sees recovery in order intake

* Says continues to trade in line with own view for FY11

* Order book at 240.5 mln stg vs 219.9 mln yr ago

* Net debt down 19 pct to 105.3 mln stg (Adds details)

July 28 (Reuters) - British aerospace parts supplier Umeco Plc (UMC.L) posted a 3.9 percent rise in first-quarter revenue and said it continued to see a recovery in order intake.

The company, which makes composite materials for Formula One racing cars, said its order book at June 30 stood at 240.5 million pounds ($375 million), compared with 219.9 million pounds last year.

Umeco, whose first-half trading performance remained consistent with the year-ago period, said it continued to trade in line with its expectations for the year ending March 31, 2011.

Analysts on average are expecting a pretax profit of 26.9 million pounds on revenue of 426.0 million pounds for fiscal 2011, according to Thomson Reuters I/B/E/S.

Net debt at end-June stood at 105.3 million pounds, down 19 percent from 130.2 million pounds last year.

Shares in the company, whose customers include Boeing (BA.N), British Airways BAY.L, the U.S. Department of Defence and all Formula One teams, were down 0.7 percent at 403 pence at 0725 GMT on the London Stock Exchange. ($1=.6413 Pound) (Reporting by Anirban Sen in Bangalore; Editing by Tresa Sherin) ((anirban.sen@thomsonreuters.com; within UK +44 207 542 7717; outside UK +91 80 4135 5800; Reuters Messaging: anirban.sen.reuters.com@reuters.net))