Egide: 2023 H1 sales
Bollène (France), July 19, 2023 – 06:00pm
(CET)Press Release
Growing
business in
1ST
Half-Year
2023
- Egide SA
sales in H1 2023 amounts
to €8.6m
- +13%
compared to H1
2022.
- 26% growth
revenue in H1 2023
of US subsidiaries (for
sale)
|
- Outlook Driven by strong sales momentum across
all products in H1 2023, Egide SA intends to maintain a similar
level of revenue in H2 2023.
|
Egide, the worldwide hermetic
packages specialist , presents its H1 2023 revenue.
1. H1 2023
revenue of Egide SA up 13% to €8.6m
In the first half of 2023, Egide SA reported
unaudited sales of €8.6 million, up 13% compared to the first half
of 2022 and up 10% on the second half of 2022.
This growth is mainly driven by faster order
processing, shortened manufacturing lead times and improvement of
customer service.
|
Egide SAIn million Euros |
H1 2022 |
H1 2023* |
Var. % |
|
Egide SA |
7.64 |
8.62 |
+ 13% |
* unaudited
Revenue by
application
All market segments are growing, except for RF,
where variation in absolute figures is not significant. The growth
in Egide SA's business is mainly due to the thermal imaging markets
(+1M€), where Egide's know-how is recognized worldwide.
|
Egide SAIn million Euros |
H1 2022 |
H1 2023 * |
Var. % |
|
Therm imaging. |
5.42 |
6.44 |
+18.9% |
|
Power |
0.05 |
0.13 |
+163.3% |
|
Optronics |
0.76 |
0.80 |
+5.7% |
|
RF |
0.96 |
0.77 |
-19.8% |
|
Other |
0.45 |
0.48 |
+5.9% |
|
Egide SA |
7.64 |
8.62 |
+12.9% |
* Unaudited
Revenue by
geographical area
Growth in Egide SA's business was driven by
expansion in Europe (+€0.9M), with growth of several French
customers, and in the USA (+€0.3M).
The Middle East remains strong.
|
Egide SAIn million Euros |
H1 2022 |
H1 2023 * |
Var. % |
|
USA |
0.10 |
0.35 |
+254.5% |
|
Europe |
4.22 |
5.07 |
+20.2% |
|
Asia & ROW |
3.32 |
3.20 |
-3.7% |
|
Egide SA |
7.64 |
8.62 |
+12.9% |
* unaudited
2. Growth of 26% of US
subsidiaries (for sale)
In the first half of 2023, the US subsidiaries
(for sale) reported revenues of €10.6 million, up 26% compared to
H1 2022.
At constant exchange rates, sales growth was
24%, with a favorable currency effect of 2%.
|
US SubsidiariesIn million Euros |
H1 2022 |
H1 2023* |
Var. % |
Var. %**based on constant $. |
|
Egide USA |
4.25 |
6.35 |
+49% |
+47% |
|
Santier |
4.13 |
4.22 |
+2% |
+1% |
|
US Subsidiaries |
8.38 |
10.57 |
+26 % |
+24% |
* unaudited ** in constant $
This increase in revenue of the US subsidiaries
in H1 2023 compared to H1 2022 is all the more significant that in
the previous year, the US subsidiaries lost 9.8% of sales in the
first half compared with 2021.
The growth in Egide USA's business is primarily
due to improved operating performance. The facility is operational
again after all the difficulties with workforce, training,
qualification and quality, which were explained in previous
communications. Furthermore, the sales backlog remains strong.
Santier's activity remains stable.
Revenue by
application
All market segments are growing. The €2.2M
revenue growth is mainly due to optronics (+€0.7M), power (+€0.6M)
and thermal imaging (+€0.6M) markets.
|
US subsidiariesIn million Euros |
H1 2022 |
H1 2023 * |
Var. % |
|
Therm imaging. |
0.49 |
1.04 |
+111% |
|
Power |
2.97 |
3.55 |
+19% |
|
Optronics |
1.43 |
2.12 |
+49% |
|
Microwave/RF |
1.95 |
2.07 |
+6% |
|
Other |
1.54 |
1.80 |
+16% |
|
US subsidiaries |
8.38 |
10.57 |
+26% |
* Unaudited
Revenue by
geographical area
Business growth at the US units was driven by
the booming US market (+€2.6m).
|
US subsidiariesIn million Euros |
H1 2022 |
H1 2023 * |
Var. % |
|
USA |
6.82 |
9.37 |
37% |
|
Europe |
0.36 |
0.48 |
35% |
|
Asia & ROW |
1.20 |
0.72 |
-40% |
|
US subsidiaries |
8.38 |
10.57 |
26% |
* Unaudited
3. OUTLOOK FOR
2023
Driven by strong sales momentum across all
products in H1 2023, Egide SA intends to maintain a similar level
of revenue in H2 2023.
In addition, the improved performance of the US
subsidiaries is a positive event for the on-going discussions with
potential buyers. Additional measures to improve the performance
are being implemented.
FINANCIAL CALENDAR
Press Release 2023 Half-year results:
October
26, 2023
CONTACTS
EGIDE –Philippe
Bringuier – General Manager & Chief Financial
Officer - +33 4 90 30 35 94 –
pbringuier@fr.egide-group.com
FIN’EXTENSO – Isabelle Aprile –
Press Relations - +33 1 39 97 61 22 –
i.aprile@finextenso.fr
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 France and the United States.
EGIDE is listed Euronext Growth
Paris™- ISIN : FR0000072373 -
Mnémo : ALGID
- Egide-PR-2023-HY-turnover-07192023-EN
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