Earnings Release • Oct 10, 2014
Earnings Release
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FIN'EXTENSO
Trappes, October 10, 2014 - For the 2014 third quarter, Egide Group had consolidated sales of €4.8 million (unaudited), stable compared to last year's same quarter and down by 8% from the previous quarter of this year.
By business sector, defense and aerospace accounted for 67% of sales mix, the industrial sector 23% and the telecom sector 10%.
Egide SA accounted for 65 % of the total consolidated sales of the quarter (compared with 64% in Q3-13) and Egide USA 35% (vs. 36%).
| (€m) | 2013* | 2014** | Change |
|---|---|---|---|
| Q1 | 5.6 | 5.3 | - 5% |
| Q2 | 5.2 | 5.2 | = |
| Q3 | 4.8 | 4.8 | = |
| Total 9 months | 15.6 | 15.3 | - 2 % |
* Egide SA + Egide USA ** Unaudited
James (Jim) F. Collins, CEO, explained: " This decline in the third quarter compared to the previous one reflects mainly the slowdown in the telecom sector with the postponement of deliveries until next year. "
He added: " This only strengthens our commitment to the Strategic Plan 2018, which includes the reorganization of our sales channels, and the introduction of ceramic production at the Cambridge, MD facility. Both projects are underway, with the former to be implemented in 2014 and latter to be completed by the end of 2015. "
Furthermore, Egide announces that two R&D projects where the company is involved have been awarded in the frame of "FUI18". FUI is the Fonds Unique Interministériel, a French inter-ministerial single fund which is used to finance collaborative R&D projects accredited by competitiveness clusters. Egide could then obtain some funds to partially cover its R&D costs on these 36 months period projects.
Publication of 2014 annual sales: January 12, 2015 - 07:00 (CET)
Egide is a group with an international dimension specialized 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 (Space, Defense, Security, Aeronautics, Telecommunications, Energy, Medical…). Egide is the only pure player in this market niche with manufacturing bases in France and the United States.
Egide shares are eligible for the French tax incentivized PEA-PME and FCPI investment vehicles.
Egide renews OSEO certification as an innovative company (entreprise innovante) on June 11, 2012 ISO 9001:2008 and ISO 14001:2004 certified quality and environmental management systems
EGIDE - Finance Department - Philippe Lussiez - +33 1 30 68 81 00 - [email protected] FIN'EXTENSO - Media Relations - Isabelle Aprile - +33 1 39 97 61 22 - [email protected]
Euronext Paris - Compartiment C - ISIN : FR0000072373 - Reuters : EGID.PA - Bloomberg : GID
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