Earnings Release • Oct 10, 2017
Earnings Release
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Trappes, Bollene & Cambridge, October 10, 2017 - 7:00pm (CET) - Egide Group had consolidated revenue (unaudited) for the third quarter 2017 of €7.90 million, including €2.91 million from the new subsidiary Santier Inc.
| $(\epsilon m)$ | 2016 | 2017 | Change |
|---|---|---|---|
| $1st$ quarter | 5.75 | 6.45 | 12.2% |
| $2nd$ quarter | 5.79 | 8.24 | 41.8% |
| $3rd$ quarter | 5.25 | $7.90*$ | 50.5% |
| Total 9 months | 16.79 | 22.59 | 34.5% |
* Unaudited
The change in Euro/Dollar in Q3-17 (1.08253 as of June 30 vs 1.11317 as of September 30) has negatively impacted the Q3-17 revenue by €0.33M (€0.16M for Egide USA and €0.17M for Santier).
Revenue by application broke down as follows:
| $(\epsilon m)$ | 9 months 2016 | 9 months 2017 * | YoY Change |
|---|---|---|---|
| Thermal Imaging | 7.91 | 7.69 | $-2.8%$ |
| Power | 4.27 | 4.95 | 15.9% |
| Optronics | 1.97 | 3.20 | 62.4% |
| Microwave | 1.74 | 4.23 | 143.1% |
| Others | 0.90 | 2.52 | 180.0% |
| Total revenue | 16.79 | 22.59 | 34.5% |
* Unaudited for Q3-17
Revenue by unit broke down as follows:
| $(\epsilon m)$ | 9 months 2016 | 9 months 2017 * | YoY Change |
|---|---|---|---|
| Egide SA (France) | 10.70 | 10.98 | 2.6% |
| Egide USA (USA) | 6.09 | 5.55 | $-8.9\%$ |
| Santier (USA) | 0.00 | 6.06 | Contract |
| Total revenue | 16.79 | 22.59 | 34.5% |
* Unaudited
The Egide USA business unit and the thermal imaging product line results have been negatively impacted by the closure of a Textron Defense program, when the other product lines have grown by 5% and it continues to grow shipments of HTCC products by adding customers at our Cambridge facility. The US business units have felt the negative effect of the euro-dollar exchange rate during the quarter.
James F. Collins, Chairman & CEO, commented: "We are very satisfied with the performance of Santier, which has exceeded our expectations in terms of sales. Third quarter group revenues came in line with our expectations even though some customers have delayed orders until Q4. We remain confident that both revenues and profitability in the second half of 2017 will exceed that of first half, and the demand at our Bollene facility should have a positive impact on sales in Q4. Finally, we continue to believe that the thermal imaging market will grow at 5% APR, and provide for increased revenue for both EGIDE SA and USA in the coming years."
2017 Revenue - January 9, 2018
Egide shares are eligible for the French tax incentivized PEA-PME and FCPI investment vehicles
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,...). Egide is the only pure player in this market niche with manufacturing bases in France and the United States.
• EGIDE: Finance Department - Philippe Lussiez +33 1 30 68 81 00 - [email protected]
• INBOUND CAPITAL : Investor Relations - Frédéric Portier / David Chermont
$+44$ 7802 533333 - [email protected] • FIN'EXTENSO: Press Relations - Isabelle Aprile +33 1 39 97 61 22 - [email protected]
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