Earnings Release • Jan 17, 2011
Earnings Release
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| In million Euros | 2009 | 2010 * | Variation |
|---|---|---|---|
| Sales | 21.8 | 24.7 | + 13 % |
| Sales (without sale of gold) | 21.1 | 24.7 | + 17 % |
* (non audited)
The consolidated sales (non audited) for the year 2010 reached 24.7 millions Euros, a strong progression compared to the previous year. For the record, the sales in 2009 included a non-recurrent item in the first half (sale of gold recovered on scrap components).
The military & space sector represented 51 % of the business in 2010, the industrial sector made up 25 % and the telecoms 24 %. In an economic environment characterized by a step-by-step recovery, this distribution confirms the strong progression of the telecom sector and the sustained sales in the military sector.
The distribution of business in 2010 by unit is 65 % for Egide SA, 28 % for Egide USA and 7 % for Egide UK.
| In million Euros | Q1-10 | Q2-10 | Q3-10 * | Q4-10 * |
|---|---|---|---|---|
| Sales | 5,3 | 6,3 | 6,2 | 6,9 |
* (non audited)
The fourth quarter, with a sequential growth of 11 % and an annual growth of 34 % (vs Q4-09), permitted as anticipated to reach a new step, in particular thanks to the strong upturn of the telecom sector for which the sales have doubled in one year.
Philippe Bregi, Chief Executive Officer, declares: "The strong progression of our sales in 2010 and the level reached in the fourth quarter confirm that, in our opinion, Egide has come out of the crisis. This level of sales, the continued improvement of our industrial performance and the stability of the exchange rates permit the group the reinforcement of its available cash during the second semester. The continuity of the demand in optic telecommunication's needs and the good positioning of Egide in the military markets, particularly on infrared products, make us confident for the year 2011. In the short term, our quarterly sales should be maintained at their very good level reached in the fourth quarter of 2010."
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
Egide renewed its OSEO label as an innovative company on 10 September 2009 Certified for quality and environmental management systems ISO 9001:2000 and ISO 14001:2004
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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