EGIDE S.A. 2016 Revenue
Trappes, Bollene, Cambridge, January 10th, 2017 - 7:00am CET. The consolidated revenues (unaudited) of Egide group for the year 2016 reached 22.19 million Euros, against 20.59 million in 2015, an increase of 7.8%.
This growth reveals however a strong disparity per unit:
| In million Euros | 2015 | 2016 * | Variation |
| Egide SA | 12.15 | 14.13 | + 16.3 % |
| Egide USA | 8.44 | 8.06 | - 4.5 % |
| Total revenue | 20.59 | 22.19 | + 7.8 % |
* Unaudited
Egide SA has reaffirmed its growth in the first half-year, and realizes its best performance since 2010. Thanks to its faithful customer base, revenue has increased following the demand led by the thermal imaging market, which represents more than 60% of the sales in 2016.
After a 10% growth in H1-16 compare to H1-15, Egide USA has suffered due to the political climate (presidential and congressional elections). In the second half of the year, customers have adopted a wait-and-see policy regarding new projects given the unsteady economic environment. The revenue declined on a yearly basis, with the new ceramic product line not yet enjoying production volume activity.
The distribution of the annual revenue per application is as follow:
| In million Euros | 2015 | 2016 * | Variation |
| Thermal imaging | 9.25 | 9.99 | + 8.0 % |
| Power management | 5.86 | 5.62 | - 4.1 % |
| Optronics | 2.54 | 2.47 | - 2.8 % |
| Microwave | 1.73 | 2.55 | + 47.4 % |
| Others | 1.21 | 1.56 | + 28.9 % |
| Total revenue | 20.59 | 22.19 | + 7.8 % |
* Unaudited
James F. Collins, Chairman & CEO of the group, comments: "We are pleased to see the continued growth of revenue of the group, especially the French facility. A positive "book to bill" ratio of 1.18 has increased our backlog of current orders by over 3 million euros, or + 25% as compared to year end 2015. These facts, along with the capital expenditures made in 2015 and 2016 to produce High Temperature Cofired Ceramic in our US facility and the worldwide sales force put in place in 2016, have positioned the group for a strong 2017. Our expectations are for continued revenue increases of around 10% in 2017 for the group, along with improved profitability."
About Egide
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 (Thermal Imaging, Optronics, Microwave, Power Management, .). Egide is the only pure player in this market niche with manufacturing bases in France and the United States.
All information about Egide is available at the new website: www.egide-group.com
Egide shares are eligible for the French tax incentivized PEA-PME, FCPI investment vehicles
Egide is listed on Euronext Paris(TM)- Segment C - ISIN: FR0000072373 - Reuters: EGID.PA - Bloomberg: GID
Egide renewed its OSEO label as an innovative company (entreprise innovante) on July 30, 2015
ISO 9001:2008 and ISO 14001:2004 certified quality and environmental management systems
Contacts
EGIDE - Finance Department - Philippe Lussiez - +33 1 30 68 81 00 - plussiez@fr.egide-group.com
FIN'EXTENSO - Press Relations - Isabelle Aprile - +33 1 39 97 61 22 - i.aprile@finextenso.fr
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EGIDE via Globenewswire
