Bollène,
Press Release
2022 REVENUE
- Turnover 2022: €33.81 million (+ 4%)
Egide SA : +8.9% to €15.46 million, driven by its leading position in the thermal imaging market inEurope ,Asia , and theMiddle East .Egide USA : -16.9% to 9.62 M€, impacted by manufacturing delays due to supply chain and staffing difficulties.- Santier: -3.1% to €8.73 million, experienced in 2022 the same difficulties as
Egide USA .
- Outlooks
- Confidence in the level of activity expected in 2023 thanks to:
- Improvement in activity in 2H2022,
- The bookings level for the three business units,
- And the opportunities in its various target markets.
- Backlog begins at over 60% of 2023 budget.
- New challenges: the soaring energy and raw material prices.
- Confidence in the level of activity expected in 2023 thanks to:
The revenue of the American entities represent 54 % of the group revenue.
The euro/dollar exchange rate is favorable, since on a constant dollar basis, revenues in 2022 would be 2.2% lower.
- Egide SA had a good year with 8.9% growth, allowing it to be close to break-even again despite inflation, which disrupted budgeted balances and required price increase negotiations with customers. This growth is explained thanks to its strategy of strengthening its leadership position in the thermal imaging market for the defense and surveillance sectors in
Europe (notably with the acquisition of new customers),Asia (China andSouth Korea ) and theMiddle East . The entity has continued and even accelerated its industrial transformation plan (Industry 4.0). - Egide
USA is down 16.9% in USD compared to 2021. After a year 2021 affected in Cambridge by delays in the installation of the new plating line ("after fire"), 2022 was disrupted by manufacturing delays due to supply chain and staffing difficulties, whereas the backlog would have helped to do better than 2020. - Santier is down 3.1% in USD. The
California subsidiary is experiencing the same supply and staffing difficulties asEgide USA in 2022, which have also led to manufacturing and delivery delays.
Millions of euros | FY 2021 | FY 2022* | YoY Var.% | Comp. Var. %** |
14.19 | 15.46 | +8.9 % | +8.9% | |
10.32 | 9.62 | - 6.5 % | -16.7% | |
Santier | 8.03 | 8.73 | + 8.8 % | -3.1% |
Group | 32.54 | 33.81 | +4 % | -2.1% |
* Unaudited ** at constant exchange rates
Millions of euros | FY 2021 | FY 2021* | Variation % |
16.38 | 16.08 | - 1.6 % | |
9.92 | 8.98 | -9.5 % | |
6.23 | 8.75 | +40.4% | |
Group | 32.54 | 33.81 | +4% |
* Unaudited
For information, the average euro/dollar exchange rate in 2022 is favorable at 1.05 versus 1.18 in 2021.
REVENUE PER APPLICATION
Millions of euros | H2 2021 | H1 2022 | H2 2022* | H2/H1 Var.% | H2/H2 Var.% | FY 2021 | FY 2022* | Var. % |
Therm. imaging. | 5.33 | 5.91 | 5.94 | +11.4% | +0.4% | 11.22 | 11.85 | +5.6% |
Power | 4.06 | 3.02 | 3.95 | -2.6% | +31.0% | 8.43 | 6.97 | -17.3% |
Optronics | 2.47 | 2.19 | 2.45 | -0.8% | +11.9% | 4.44 | 4.63 | +4.3% |
RF/MW | 1.93 | 2.90 | 3.26 | +68.6% | +12.2% | 4.28 | 6.16 | +44.1% |
Others | 2.13 | 2.00 | 2.20 | +3.4% | +10.1% | 4.13 | 4.20 | +1.5% |
Group | 15.92 | 16.02 | 17.79 | +11.8% | +11.1% | 32.50 | 33.81 | +4.0% |
* Unaudited
Thermal Imaging
In Thermal Imaging application, the level of activity remained stable and strong with a growth of 5.6% compared to previous year. The volume of smaller customers compensated the decline of our main historical customer in
Power
A significant portion of the Power business is manufactured in Cambridge and was affected by the difficulties explained above. In H2, there is rebound to normal activity levels. In addition, the company has been qualified on several thermal battery programs with two key customers. Additional revenue is expected due to the current geopolitical situation in eastern
Optronics
Optronics grew 4,3% essentially in
RF/MW
RF and Microwaves are booming by 44,1%, driven at
Others
As usual, there is no real trend.
OUTLOOK
Soaring energy and raw material prices, with uncertain industrial and social consequences, as well as the implementation of energy conservation, are challenges that the Group must now face.
However, the improvement in activity in the second half of 2022, the total backlog of orders for the company exceeding 60% of the 2023 budget, together with the booking level of the three entities and expectations in its various target markets, reflect the Group's growth potential and lead it to be confident about the level of activity expected in 2023.
FINANCIAL CALENDAR
Aprile 19, 2023: 2022 financial results (after French market closure)
CONTACTS
EGIDE –
FIN’EXTENSO – Press Relations -
About EGIDE - Keep up to date with all the Group's news online: www.egide-group.com and LinkedIn
Egide is a group with an international dimension, specialized in the manufacture of hermetic packages and heat dissipation solutions 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 Units…). Egide is the only pure player in this market niche with manufacturing bases in
EGIDE is listed Euronext Growth Paris™- ISIN : FR0000072373 - Mnémo : ALGID
Attachment
- Egide-PR-2022-FY-Revenue-EN-01262023
![](https://ml-eu.globenewswire.com/media/MzAwZDYxNGUtMWE3NC00ZDcyLWJjMmUtOWQ0Y2I4M2IzYTQ0LTEwMTEzMDI=/tiny/EGIDE.png)
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