Earnings Release • Jul 13, 2011
Earnings Release
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| In million Euros | 1st Half 2011 | 1st Half 2010 | Variation |
|---|---|---|---|
| Turnover | 14.2 | 11.6 | + 22% |
The consolidated turnover (non-audited) of Egide group reached 14.2 million Euros in the first half-year 2011, a progression of 22% when compared to the same period in 2010 and 8% compared to the previous half-year.
The military and space sector amounted to 48% of sales, the industrial sector 28% and the telecom sector 24%. Egide France represents 69% of the total consolidated sales, Egide USA 24% and Egide UK 7%.
| Variation | |||
|---|---|---|---|
| In million Euros | 2 nd Quarter 2011 |
Q2-11 / Q1-11 | Q2-11 / Q2-10 |
| Turnover | 7.2 | + 3% | + 14% |
The consolidated turnover (non-audited) of Egide group reached 7.2 million Euros in the second quarter 2011, a sequential progression of 3% and a growth of 14% when compared to the same period in 2010. At a constant Euro/Dollar ratio, the sequential growth would have been in the range of 5%.
« Despite the strong level of the Euro which hit our consolidated turnover during the second quarter, our sales are conform to our expectations » declares Philippe Brégi, CEO of the group.
He adds: "Our sales forecast for the second half-year integrates the actual ratio Euro/Dollar which level also results from a likely softer activity in the United States. However, our annual progression in sales would stay higher than 10%".
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
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