Scienza e Tecnologia
Egide: 1st HALF 2022 REVENUE
Bollène , July 21, 202 2 - 06:00 pm (CET)
Press release
1 HALF 2022 REVENUE
The unaudited consolidated revenue of the Egide group is almost stable at €16.0 million compared to €16.6 million in the 1 half of 2021 and €15.9 million in the 2 half of 2021.
The Euro/Dollar exchange rate is favorable since at constant Dollar the turnover would be 8.1% lower.
These figures are below expectations and call for the following comments :
Sales in dollar terms by US entities represented 52 % of the group's total revenue in the first half of 2022.
REVENUE PER GEOGRAPHICAL AREA
* unaudited ** in constant dollars
For information, the average euro/dollar parity in H1 2022 was 1.094 against 1.2057 in H1 2021.
REVENUE PER APPLICATION
* unaudited ** At constant exchange rates
Thermal imaging
The demand on this market remains strong for 2022 for our key customers in Europe, the Middle East and also in Asia, where Egide acquired several new customers. The US market is also strong and qualification on new programs at key customers is underway.
Power
Mainly delivered by Egide USA, deliveries in H1-2021 were inflated due to the lack of deliveries in the previous semester because of the fire in Cambridge. H1-2022 returned to a normal level of activity in this market segment. We now expect this segment to increase as products for thermal battery are qualified and increase in 2022 and beyond.
Optronics
With high-end high-frequency products, it is an area of attention and effort, especially with modernization projects in the framework of Industry 4.0 at the facility in Bollène. The infusion of capital in the US via the sale-leaseback of the Cambridge factory would allow for similar improvements in the HTCC process in the US. This should allow for more activity in the US optronics markets in the coming years.
Microwave
Growth in this market has been seen at all three facilities. Most of the growth is in defense related companies and in various geographic markets.
OUTLOOK
Egide SA aims to continue its growth in 2022 and accelerate it in 2023.
Egide USA and Santier are expected to finalize their financing of the working capital requirement in the coming days, which will allow them to focus on customer execution and satisfaction.
In addition, and for the record, Egide Group should finalize its project to transfer the listing of Egide's shares on the Euronext Growth market in Paris by the end of August 2022. This transfer project aims to enable Egide to be listed on a market more appropriate to the size of the company. The transfer to the Euronext Growth market in Paris would simplify the company's operations and reduce its listing costs, while allowing it to continue to benefit from the advantages of a listing on a financial market.
FINANCIAL CALENDAR
October 25 , 202 2 :
Press release - 2022 Half-year results (before French market opens).
Meeting - 2022 Half Year Results presentation to analysts – 10:00 a.m. (Paris Time)
CONTACTS
EGIDE – Luc Ardon – FinancialDirector - +33 4 90 30 35 94 – luc.ardon@fr.egide-group.com
FIN'EXTENSO – Press Relations - Isabelle Aprile - +33 1 39 97 61 22 – i.aprile@finextenso.fr
About Egide - www.egide-group. com
Egide is an international group specializing in the manufacture of hermetic enclosures and heat dissipation solutions for sensitive electronic components. It operates in cutting-edge markets with strong technological barriers in all critical universes (Thermal Imaging, Optronics, Microwave, Power Boxes, etc.). As the only dedicated global player, Egide is present industrially in France and the United States.
Egide is listed on Euronext Paris™- Compartment C - ISIN: FR0000072373 – Reuters: EGID.PA – Bloomberg: GID
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