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Tuesday, 10 October 2017

EGIDE : 2017 third quarter revenue

EGIDE    

Published: 07:00 CEST 10-10-2017 /GlobeNewswire /Source: EGIDE / : GID /ISIN: FR0000072373


Press release      

 

 

2017 third quarter revenue

 

 

Trappes, Bollene & Cambridge, October 10, 2017 - 7:00am (CET) - Egide Group had consolidated revenue (unaudited) for the third quarter 2017 of €7.90 million, including €2.91 million from the new subsidiary Santier Inc.

 

(€m)

2016

2017

Change

1st quarter

5.75

6.45

12.2%

2nd quarter

5.79

8.24

41.8%

3rd quarter

5.25

7.90*

50.5%

Total 9 months

16.79

22.59

34.5%

         * unaudited

        

The change in Euro/Dollar in Q3-17 (1.08253 as of June 30 vs 1.11317 as of September 30) has negatively impacted the Q3-17 revenue by €0.33M (€0.16M for Egide USA and €0.17M for Santier).

 

Revenue by application broke down as follows:

 

(€m)

9 months 2016

9 months 2017 *

YoY Change

Thermal Imaging

7.91

7.69

-2.8%

Power

4.27

4.95

15.9%

Optronics

1.97

3.20

62.4%

Microwave

1.74

4.23

143.1%

Others

0.90

2.52

180.0%

Total revenue

16.79

22.59

34.5%

                * unaudited for Q3-17

 

Revenue by unit broke down as follows:

 

(€m)

9 months 2016

9 months 2017 *

YoY Change

Egide SA (France)

10.70

10.98

2.6%

Egide USA (USA)

6.09

5.55

-8.9%

Santier (USA)

0.00

6.06

 -

Total revenue

16.79

22.59

34.5%

     * unaudited

 

The Egide USA business unit and the thermal imaging product line results have been negatively impacted by the closure of a Textron Defense program, when the other product lines have grown by 5% and it continues to grow shipments of HTCC products by adding customers at our Cambridge facility. The US business units have felt the negative effect of the euro-dollar exchange rate during the quarter.

 

James F. Collins, Chairman & CEO, commented: "We are very satisfied with the performance of Santier, which has exceeded our expectations in terms of sales.  Third quarter group revenues came in line with our expectations even though some customers have delayed orders until Q4.  We remain confident that both revenues and profitability in the second half of 2017 will exceed that of first half, and the demand at our Bollene facility should have a positive impact on sales in Q4. Finally, we continue to believe that the thermal imaging market will grow at 5% APR, and provide for increased revenue for both EGIDE SA and USA in the coming years."

 

 

 

Upcoming event: 2017 Revenue - January 9, 2018

 

 

 

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

 

 

***

 

Contacts

 

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

 

INBOUND CAPITAL - Investor Relations - Frédéric Portier / David Chermont - +44 7802 533333 - fportier@inbound.capital

 

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

 



EGIDE : 2017 third quarter 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 Corporate Solutions clients. Source: EGIDE, P.A. de Pissaloup, Trappes 78190, France
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