Bollène, July 21, 2022– 06:00 pm (CET)
Press release
1st HALF 2022 REVENUE
- Revenue for the1st half of 2022 at €16.02 million: +0.6% compared to the H2-2021
- Egide SA up: + 11% /H2 2021 and +4.5% YoY,
- Egide USA down -18.7% (in $) compared to H2 2021, and -27.9% Yoy, with continued challenges related to supply chain and staffing
- Santier also down -5.1% (in $) / H2 2021, and -4.8% Yoy, with continued challenges regarding supply chain.
- OUTLOOK
- The order book is good for Egide SA and Egide USA
- Banking issues have been solved in the USA with the completion of the sale-leaseback of the Cambridge facility in June, and transfer of treasury management to an alternative bank to be completed before the end of Q3.
The unaudited consolidated revenue of the Egide group is almost stable at €16.0 million compared to €16.6 million in the 1st half of 2021 and €15.9 million in the 2nd 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 :
- Egide SA continues to grow and secures its position as a leader in thermal imaging in Europe (notably with the acquisition of new customers) and in Asia (China and South Korea) and the Middle East. The strategy focused on the development of high-performance enclosures for power, optronics and microwave applications continues to bear fruit with new projects, in line with the modernization plan of the production tool,…
