Trappes, May 22, 2013 - 7:00am (CET)
FY2012 Results
| In million Euros, IFRS | 2012 unaudited * | 2012 | 2011 |
| Sales | 25.6 | 25.6 | 26.9 |
| Operating Results Of which assets depreciation | 0.0 (0.3) | (0.7) (1.0) | 0.8 (0.3) |
| Net Result | (0.2) | (0.9) | 0.7 |
* released on April 15, 2013
The Board of Director's meeting was held on March 26, 2013 under Philippe Bregi's chairmanship and with the attendance of the auditors. It has reviewed and closed the individual and the consolidated results for the year 2012. The audits of these accounts have been made and the audit reports will be released in accordance with the relevant legal provisions.
For the record, on April 15, 2013, when the unaudited financial items of the 2012 results have been released, some assessments attached to the sale of the Moroccan subsidiary Egima were not yet fixed at that date. Since then, and although the wish to quickly finalize the sale by both the buyer and Egide remains strong, IFRS 5 rules has lead Egide to remove Egima from the specific treatment allowed by this standard at the end of 2012. Consequently, Egima's assets and liabilities, previously presented on a separate line in the Balance Sheet since July 1, 2009, date of the first application of IFRS 5, are again included on each appropriate line of the consolidated Balance Sheet.
Furthermore, the impact of stopping the IFRS 5 application lead Egide to record in the 2012 Profit & Loss statement the depreciation of Egima's assets, which were put on hold since July 1, 2009, for an amount of Euro 0.25 million. Likewise, according to the standard IAS 36 about fixed assets depreciation, an additional depreciation of Euro 0.42 million has been recorded in the 2012 accounts to adjust the non current assets of the Moroccan subsidiary to its fair value.
The operating results per company are as follow:
| In million Euros, IFRS | 2012 unaudited * | 2012 | 2011 |
| Egide SA | (0.6) | (0.6) | 0.6 |
| Egide USA | 0.3 | 0.3 | 0.2 |
| Egide UK | 0.3 | 0.3 | 0.1 |
| Egima | 0.0 | (0.7) | (0.1) |
| Operating Result | 0.0 | (0.7) | 0.8 |
* Released on April 15, 2013
The global impact of Euro 0.67 million (not a cash item) on the unaudited results released on April 15, 2013, fully recorded on the line "depreciation on assets", reached the operating loss for the year 2012 to Euro 0.7 million and the net loss to Euro 0.9 million.
The individual and the consolidated accounts for the year 2012 will be presented to the shareholders during a General Meeting called on Wednesday 26 June 2013 in Paris (Pavillon Kleber, 7 rue Cimarosa).
About Egide
Egide SA is a European group with international scope specializing in the manufacture of hermetic packages for sensitive electronic components. The Group is active in high tech sectors, including Aerospace, Defense, Security, Aeronautics, Telecommunications, Automotives and Medicine. The only dedicated manufacturer in its niche, Egide has facilities in France, the United States and Great Britain.
To find out more about Egide, visit: www.egide.fr
EGIDE is listed on NYSE Euronext Paris(TM)- Compartment C - ISIN: FR0000072373 - Reuters: EGID.PA - Bloomberg: GID
EGIDE - Financial Department - Philippe Lussiez - +33 1 30 68 81 00 - plussiez@egide.fr
FIN'EXTENSO - Press Relations - Isabelle Aprile - +33 1 39 97 61 22 - i.aprile@finextenso.fr
