Trappes, Bollène, Cambridge & San Diego, April 13, 2018 - 07:00pm (CET)
2018 first-quarter revenue
- 2018 Q1 revenue: €8.03 million
- +24.5% on reported basis; +8.5% on a comparative basis [1]
- 2018: Strong trend for Egide USA concerning HTCC products
Egide Group reported unaudited consolidated revenue for the 2018 first quarter amounted to €8.03 million, up 24.5 % year-over-year, despite negative currency impact. Revenue rose by 8.5% in Q1 2018 on a comparative basis 1. Excluding the variation in exchange rate (1.22934 vs. 1.06473) the revenue for the first quarter 2018 would have been higher (€8.7 million).
The integration of Santier continues to have a positive impact on the revenues of the group, as does the growth in the HTCC products at Egide USA. In the first quarter 2018, the US subsidiaries contributed 52% of total consolidated revenue, as compared to 42% in 2017.
Highlights by business unit
| (€m) | Q1 2017 | Q1 2018* | Change % | Change on a comparative basis 1 |
| Egide SA | 3.85 | 3.82 | -0.8% | -0.8% |
| Egide USA | 1.85 | 1.89 | +2.2% | +17.8% |
| Santier Inc. | 0.75 | 2.32 | +209.3% | +31.3% |
| Group | 6.45 | 8.03 | +24.5% | +8.5% |
* Unaudited
For the record, Santier Inc. has joined the Egide Group on February 28th, 2017. In Q1-2018, only March was used to calculate the change in sales of Santier on a comparative basis.
In Q1-2018, the growth of Egide USA, driven in particular by HTCC ceramic products, has significantly increased (+17.8% on a comparative basis) versus the same period in 2017, offsetting the slower growth at Egide SA for the beginning of the year.
REVENUE BY APPLICATION
| (€m) | Q1 2017 | Q1 2018* | Change % | Change on a comparative basis 1 |
| Power | 1.43 | 1.44 | +0.7% | +7.4% |
| Microwave/RF | 1.07 | 1.29 | +20.6% | -11.5% |
| Optronics | 0.78 | 1.21 | +55.1% | +7.1% |
| Thermal Imag. | 2.66 | 2.80 | +5.3% | +6.0% |
| Misc. | 0.51 | 1.27 | +149.0% | +68.5% |
| Group | 6.45 | 8.03 | +24.5% | +8.5% |
* Unaudited
OUTLOOK
Solid order backlog at Group level are in place for 2018, confirming the positive outlook for continued organic growth for the rest of the year at group's level despite a slower growth in Europe since the beginning of the year and negative currency impacts.
In particular, the HTCC products at Egide USA have a $800K backlog. The business climate in North America concerning the market segments Egide serves, appears to be improved as compared to last year, most likely due to the new Federal spending budget and new tax law.
FINANCIAL CALENDAR
July 13, 2018: 2018 second-quarter revenue
To find out more about Egide: www.egide-group.com
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, .). Egide is the only pure player in this market niche with manufacturing facilities in France and the United States.
Egide renewed OSEO certification as an innovative company (entreprise innovante) on July 30, 2015
ISO 9001:2015 and ISO 14001:2004 certified quality and environmental management systems
Egide is listed on Euronext Paris(TM)- Segment C - ISIN: FR0000072373 - Reuters: EGID.PA - Bloomberg: GID
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Contacts
EGIDE - Finance Department - Philippe Lussiez - +33 1 30 68 81 00 - plussiez@fr.egide-group.com
INBOUND CAPITAL - Investor Relations - Frédéric Portier / David Chermont - +44 7802 533333 - fportier@inbound.capital
Fin'extenso - Press Relations - Isabelle Aprile - +33 1 39 97 61 22 - i.aprile@finextenso.fr
