Earnings Release • Jan 19, 2010
Earnings Release
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| In millions of Euros | 2008 | 2009 * | Variation |
|---|---|---|---|
| Turnover | 29.90 | 21.80 | - 27 % |
* (Non-audited)
The non-audited consolidated turnover for 2009 for the Egide group stands at 21.80 million Euros, a fall of 27% compared to the previous year. It includes a sale of gold worth 0.7 million Euros, recovered from scrap components.
The military and space sector represented 57% of business in 2009, the industrial sector made up 28% and telecoms 15% . This distribution translates the less severe impact of the world economic crisis on the military sector, where sales remained stable, whilst the industrial and telecoms sectors have been strongly affected.
Excluding the sale of gold, the distribution of business in 2009 by unit is 59% for Egide SA, 33% for Egide USA and 8% for Egide UK.
| In millions of Euros | Q1 09 | Q2 09 | Q3 09 * | Q4 09 * |
|---|---|---|---|---|
| Turnover (excluding sale of gold) | 6.25 | 5.00 | 4.70 | 5.15 |
* (non-audited)
With a sequential rise in turnover of 9% , the fourth quarter has seen the predicted beginning of a recovery. The military and space sector represented 56% of activity during this quarter, the industrial sector made up 25% and telecoms 19% . Compared to the previous quarter, demand remained buoyant in military, stable in industrial and gained strength in telecoms.
Philippe Brégi, Chief Executive Officer of the group states: "The recovery in business witnessed during the fourth quarter reinforces our stage by stage recovery scenario. Some sectors, such as telecoms or civil and military security should still show significant increases in coming months whereas others, such as space, aeronautics or industrial should experience a slower emergence from the crisis."
Egide SA is a European group of international status, specializing in the manufacture of air-tight packaging for sensitive electronic components. The group is active in high-tech markets such as Space, Defense, Security, Aeronautics, Telecommunications, Automotive and Medical. As the only dedicated worldwide player, Egide has an industrial presence in France, the United States and Great Britain.
EGIDE is listed on NYSE Euronext Paris™- Compartment C - ISIN: FR0000072373 – Reuters: EGID.PA – Bloomberg: GID
Contacts
EGIDE – Financial Management - Philippe Lussiez - +33 1 30 68 81 00 - [email protected] FIN'EXTENSO – Public Relations - Isabelle Aprile - +33 1 39 97 61 22 - [email protected]
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