Press release
2016 first-half revenue
Trappes, Bollene, Cambridge, July 12, 2016 - 6:30pm (CET) - 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.
| (€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:
| (€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. "
Upcoming event: French analysts meeting (SFAF) - H1-2016 results - October 4, 2016
To find out more about Egide: www.egide-group.com
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 renews OSEO certification as an innovative company (entreprise innovante) on July 30, 2015
ISO 9001:2008 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
Egide shares are eligible for the French tax incentivized PEA-PME and FCPI investment vehicles and the Long-only Deferred Settlement Service (Euronext).
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
