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Tuesday, 11 July 2017

EGIDE : 2017 first-half revenue

EGIDE    

Published: 18:30 CEST 11-07-2017 /GlobeNewswire /Source: EGIDE / : GID /ISIN: FR0000072373


Press release      

 

 

2017 first-half revenue

Satisfactory integration of Santier

and H1 revenue in line with objectives

 

 

Trappes July 11, 2017 - 6:30pm (CET) - Egide Group had consolidated revenue (unaudited) for the 2017 first half of €14.66 million, an increase of 27 % year-on-year. These revenues include sales from Santier in 2017 from March 1st. Excluding the impact of this acquisition, revenues are stable year-on-year.

 

(€m)

2016

2017*

Change

1st quarter

5.75

6.45

+ 12 %

2nd quarter

5.79

8.21

+ 42 %

H1

11.54

14.66

+ 27 %

     * unaudited

 

Revenue by application broke down as follows:

 

(€m)

H1-2016

H1-2017 *

YoY Change

Thermal Imaging

5.45

5.33

- 2.2 %

Power

3.02

3.32

9.9 %

Optronics

1.31

1.70

29.8 %

Microwave

1.14

2.77

142.9 %

Others

0.62

1.54

148.4%

Total revenue

11.54

14.66

27.0 %

     * unaudited

 

Revenue by unit broke down as follows:

 

(€m)

H1-2016

H1-2017 *

YoY Change

Egide SA (France)

7.29

7.55

+ 4%

Egide USA (USA)

4.25

3.99

- 6.1%

Santier (USA)

-

3.12

 -

Total revenue

11.54

14.66

27.0%

     * unaudited

 

Exchange rate Euro vs Dollar had a positive impact by 1% in revenue in H1-2017.

 

James F. Collins, Chairman & CEO, commented: "Revenues for the first half of the year are in line with our expectations. The integration of Santier is progressing exactly as planned after 4 months of activity within the group. There appears to be a rebound of activity at the Cambridge facility (USA), some of which is in high temperature co-fired ceramic materials for the Thermal Imaging market. This is unfortunately offset by the impact of the decision by our client Textron Defense Systems to discontinue manufacturing operations related to the Sensor Fused Weapon program ($0.7 million of revenue in H1-2016).  The Bollene facility (France) continues to grow its revenue in the Thermal Imaging and Data-Com market segments.  The H1-2017 order intake for the different entities of the group is strong, and our backlog appears to support our objectives for 2017 and beyond."

 

 

 

To find out more about Egide: www.egide-group.com

 

Egide is a group with an international presence specializing in the manufacture of hermetic packages for sensitive electronic components. It operates in cutting edge markets with strong technology barriers to entry in all critical industry segments (Thermal Imaging, Optronics, High-Frequency, Power Management.). Egide is the only pure player in this market niche with manufacturing bases in France and the United States.

 

 


Egide renews OSEO certification as an innovative company (entreprise innovante) on July 30, 2015

ISO 9001:2008 and ISO 14001:2004 certified quality and environmental management systems

Egide is listed on Euronext Paris(TM)- Segment C - ISIN: FR0000072373 - Reuters : EGID.PA - Bloomberg: GID

Egide shares are eligible for the French tax incentivized PEA-PME and FCPI investment vehicles

 

 

Contacts

EGIDE - Finance Department - Philippe Lussiez - +33 1 30 68 81 00 - plussiez@fr.egide-group.com

Fin'extenso -  Press Relations - Isabelle Aprile - +33 1 39 97 61 22 - i.aprile@finextenso.fr

 



EGIDE : 2017 first-half revenue



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: EGIDE, P.A. de Pissaloup, Trappes 78190, France
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