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EGIDE S.A. — Earnings Release 2016
Oct 11, 2016
1274_10-q_2016-10-11_1b4d98ba-38e6-4f8d-b567-8e3a7b2caa46.pdf
Earnings Release
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2016 THIRD QUARTER REVENUE
Trappes, Bollene & Cambridge, October 11, 2016 - 7:00am (CET) - Egide Group had consolidated revenue (unaudited) for the third quarter 2016 of $65.25$ million, an increase of 3 % year-on-year.
| $(\epsilon m)$ | 2015 | 2016* | Change |
|---|---|---|---|
| $1st$ quarter | 4.97 | 5.75 | $+16%$ |
| $2nd$ quarter | 4.88 | 5.80 | $+19%$ |
| $3rd$ quarter | 5.12 | 5.25 | $+3%$ |
| Total 9 months | 14.97 | 16.80 | $+12%$ |
* unaudited
In the third quarter 2016, Egide SA contributed 65 % to total consolidated revenue and Egide USA 35 %.
Revenue by application broke down as follows:
| $(\epsilon m)$ | Q3-2015 | Q3-2016 * |
|---|---|---|
| Thermal Imaging | 2.42 | 2.46 |
| Power | 1.33 | 1.25 |
| Optronics | 0.65 | 0.66 |
| Microwave | 0.43 | 0.60 |
| Others | 0.29 | 0.28 |
| Total revenue | 5.12 | 5.25 |
* unaudited
James F. Collins, Chairman & CEO, commented: "Despite delays requested by our customers, partially due to the US political environment, we still achieved modest growth in Q3-16. Thanks to a positive book-to-bill ratio, our backlog has continued to grow. While we expect H2-16 revenue to be soft relative to H1-16, we are optimistic for 2017."
ABOUT EGIDE
Egide is a group with an international presence specializing 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 (Thermal Imaging, Optronics, High-Frequency, Power Management...). 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 and the Long-only Deferred Settlement Service (Euronext).
UPCOMING EVENT
January 10, 2017: 2016 Revenue
CONTACTS
- EGIDE: Finance Philippe Lussiez +33 1 30 68 81 00 - [email protected]
- FIN'EXTENSO: Press Isabelle Aprile $+33$ 1 39 97 61 22 - [email protected]
INEXTENSO
To find out more about Egide: www.egide-group.com
Egide renews OSEO certification as an innovative company (entreprise innovante) on July 30, 2015 ISO 9001:2008 and ISO 14001:2004 certified quality and environmental management systems
EGIDE is listed on Euronext Paris™- Segment C - ISIN : FR0000072373 - Reuters : EGID.PA - Bloomberg : GID