Trappes, January 10th, 2014 - 6:00pm CET


2013 Sales


The consolidated sales (unaudited) of Egide group for the year 2013 reached 22.8 million Euros, against 25.6 million in 2012. Taking into account the sale of the subsidiaries Egide UK and Egima on October 31st, 2013, the revenues in 2013 include only 10 months of activity of these subsidiaries (against 12 months in 2012).

The table below presents the analysis of the sales in a comparable perimeter (total Egide SA + Egide USA):

In million Euros 2012 2013 * Variation
1st quarter 5.8 5.6 - 3.5 %
2nd quarter 5.8 5.2 - 10.3 %
3rd quarter 5.6 4.8 - 14.3 %
4th quarter 5.4 4.8 - 11.1 %
Sales Egide SA + USA 22.6 20.4 - 9.7 %
* Unaudited

The split of the sales of Egide SA and Egide USA per markets is as follow:

In million Euros 2012 2013 * Variation
Defense and space 12.1 11.8 - 2.5 %
Telecoms 4.5 4.2 - 6.7 %
Industrial and security 6.0 4.4 - 26.7 %
Sales Egide SA + USA 22.6 20.4 - 9.7 %
* Unaudited

The split of the activity per unit is as follow, being reminded that in 2013, Egide UK and Egima only had 10 months of sales:

In million Euros 2012 2013 * Variation
Egide SA 13.9 12.8 - 7.9 %
Egide USA 8.7 7.6 - 12.6 %
Sub total Egide SA + USA 22.6 20.4 - 9.7 %
Egide UK 2.6 2.1 -
Egima 0.4 0.3 -
Total group 25.6 22.8 -
* Unaudited
 

Part of financial items as of December 31st, 2013
The financial situation of the group remains stable, with available cash at 0.5 m? as of December 31st, 2013 (unaudited), before the amounts of R&D tax credit and Social Charges tax credit expected for the beginning of the year. Moreover, the sale of Egima and Egide UK has reduced the amount of the non current debt by 0.2 m?.

 

Philippe Bregi, Chairman and Chief Executive Officer of the group, comments: "As anticipated, the year 2013 has shown a drop in activity compared to the previous year, due to the bad economic environment. Egide has reacted with the sale of its non strategic subsidiaries, Egide UK and Egima, and with the adaptation of its industrial capabilities (staff cuts at Egide USA, partial activity at Egide SA) to the demand."

He adds: "The group, now focused on its perimeter of excellence, hermetic packages for critical applications, continues to develop its range of innovative products for the market of "high-end" products on which it remains an inescapable player, while continuing its efforts in the mastery of all its costs."


To find out more about Egide, visit: www.egide.fr:
http://www.egide.fr

EGIDE is listed on NYSE Euronext Paris(TM)- Compartment C - ISIN: FR0000072373 - Reuters: EGID.PA - Bloomberg: GID

Contacts
EGIDE - Financial Department - Philippe Lussiez - +33 1 30 68 81 00 - plussiez@egide.fr:
mailto:plussiez@egide.fr
FIN'EXTENSO - Press Relations - Isabelle Aprile - +33 1 39 97 61 22 - i.aprile@finextenso.fr:
mailto:i.aprile@finextenso.fr

EGIDE : 2013 Sales:
http://hugin.info/143399/R/1754062/591802.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EGIDE via Globenewswire
HUG#1754062