Earnings Release • Jul 9, 2010
Earnings Release
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| Variation | |||
|---|---|---|---|
| In Million Euros | 2 nd quarter 2010 |
Q2-10 / Q1-10 | Q2-10 / Q2-09 |
| Sales | 6,30 | + 19 % | + 21 % |
The consolidated turnover (non-audited) of Egide group for the second quarter 2010 reached 6.30 million Euros, a strong progression as much as sequential (+19%) when compared to the same quarter in 2009 (+21%). Egide France represents 64 % of the total consolidated sales, Egide USA 30 % and Egide UK 6 %. The military and space sector amounted to 52 % of sales, the industrial sector 26 % and the telecom sector 22 %.
So, sales for the first half year are 11.5 million Euros, against 11.2 million Euros in the first half year 2009 (excluding the non-recurring items) and 9.9 million Euros in the second half year 2009.
Philippe Brégi, Chairman and CEO of Egide group, stated: "This significant growth comes from, as expected, the solid military and civil infra-red markets and from the upturn of the Telecom sector. Egide has also benefited from a more favourable Euro/Dollar exchange rate. The choice of technological excellence made by Egide, as much in R&D as in industrial capabilities, has borne fruit and given the group the opportunity to emerge from the crisis with many trump cards to pursue the growth. In this context, the third quarter should be at the same level of sales as the second one and the fourth quarter should show a new progression, validating our step-by-step recovery scenario."
Egide SA is a European group of international scale, specializing in the manufacture of hermetic packaging for sensitive electronic components. The group operates in high tech markets such as Space, Defence, Security, Aeronautics, Telecommunications, Automobile and Medical. The only dedicated global player, Egide has manufacturing facilities in France, the United States and Great Britain.
EGIDE is listed on NYSE Euronext Paris™- Section C - ISIN: FR0000072373 – Reuters: EGID.PA – Bloomberg: GID
Egide renewed its innovative company OSEO label on September 10th, 2009 Quality and Environment management system certified ISO 9001:2008 and ISO 14001:2004
Contacts
EGIDE – CFO - Philippe Lussiez - +33 1 30 68 81 00 - [email protected] FIN'EXTENSO – Press relations - Isabelle Aprile - +33 1 39 97 61 22 – [email protected]
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