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EGIDE S.A. — Earnings Release 2016
Jul 12, 2016
1274_iss_2016-07-12_9925b5a9-8756-4e5a-8e0b-515bbb9401ed.pdf
Earnings Release
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2016 FIRST-HALF REVENUE
Trappes, Bollene, Cambridge, July 12, 2016 - Egide Group had consolidated revenue (unaudited) for the 2016 first half of €11.55 million, an increase of 17 % year-on-year and up 7 % from the preceding six-month period.
| $(\epsilon m)$ | 2015 | 2016* | Change |
|---|---|---|---|
| $1st$ quarter | 4.97 | 5.75 | $+16%$ |
| $2nd$ quarter | 4.88 | 5.80 | $+19%$ |
| H1 | 9.85 | 11.55 | $+17%$ |
* unaudited
The average exchange rate Euro/Dollar was 1.11587 in H1-2015 and 1.11553 in H1-2016, which indicates no impact to the total revenue.
In the 2016 first half, Egide SA contributed 63 % to total consolidated revenue and Egide USA 37 %.
Revenue by application broke down as follows:
| $(\epsilon m)$ | H1-2015 | H2-2015 | H1-2016 * |
|---|---|---|---|
| Thermal Imaging | 4.36 | 4.89 | 5.46 |
| Power | 2.75 | 3.11 | 3.02 |
| Optronics | 1.24 | 1.30 | 1.31 |
| Microwave | 0.92 | 0.81 | 1.14 |
| Others | 0.58 | 0.62 | 0.62 |
| Total revenue | 9.85 | 10.73 | 11.55 |
* unaudited
James F. Collins, Chairman & CEO, commented: "Our H1-2016 revenues confirm our expectations for growth in 2016. While we anticipate a minor slowdown in H2-2016 revenues, we still expect double digit growth of revenue on a yearly basis. Accordingly, we will continue to work on business development and commercial activities in an effort to diversify our customer base and improve results. "
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, FCPI investment vehicles and SRD "Long-only"
UPCOMING EVENT
October 4, 2016: French analysts meeting (SFAF) H1-2016 results
CONTACTS
- EGIDE: Finance Department Philippe Lussiez $+33$ 1 30 68 81 00 - [email protected]
- FIN'EXTENSO: Press Relations Isabelle Aprile $+33$ 1 39 97 61 22 - [email protected]