EGIDE : 2017 first-half revenue Press relea
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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 1 st . Excluding the impact of this acquisition, revenues are stable year-on-year.
| (€m) | 2016 | 2017* | Change |
| 1 st quarter | 5.75 | 6.45 | + 12 % |
| 2 nd 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
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