Trappes, Bollène, Cambridge & San Diego, July 16, 2018 - 07:00am (CET)
Q2-18 & H1-18 Revenue
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1st half 2018 sales: €16.3 million, in line with the budget
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Organic growth satisfactory in the first half year: +6.6%
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Organic growth in all the three business units
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Backlog of ceramic HTCC at Egide USA over $1 million
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Modification of the current sales process with a view to diversifying the activities
The unaudited consolidated revenue of the Egide Group at June 30, 2018 rose by 10.9% to €16.3 million (vs €14.7 million in H1-2017). On a like-for-like basis and constant currency effects, revenue growth in the first half of 2018 was +6.6%. Santier posted a 29.2% contribution to revenue in the first half of 2018 and revenue of the US entities now represent 53% of the group`s total sales for the six-month period, compared to 48.6% in H1 2017.
Revenues for the second quarter reached €8.25 million, stable (+0.2%), and up 4.7% to € 8.62 million at constant exchange rates (1).
DISTRIBUTION BY BUSINESS UNIT
| In million Euros | Q2 2017 | Q2 2018* | Change | Change on constant exchange rate (1) | HY 2017 | HY 2018* | Change | Change on a comparative basis (1) (2) |
| Egide SA | 3,706.9 | 3,834.2 | 3.4% | 3.4% | 7,549.8 | 7,660.4 | 1.5% | 1.5% |
| Egide USA | 2,134.4 | 1,989.5 | -6.8% | 1.0% | 3,985.8 | 3,878.1 | -2.7% | 8.8% |
| Santier | 2,399.5 | 2,431.6 | 1.3% | 9.8% | 3,153.5 | 4,749.7 | 50.6% | 15.9% |
| Group | 8,240.8 | 8,255.2 | 0.2% | 4.7% | 14,689.1 | 16,288.1 | 10.9% | 6.6% |
* Non audited (1) Exchange rate of $1.21/€ in 2018; $1.08/€ in 2017
(2) Only 4 month activity of Santier in H1-17
As expected, Egide USA recorded a strong acceleration in its sales of ceramic products, with current anticipated shipments in 2018 of more than $1 million, as of June 30th.
DISTRIBUTION BY APPLICATION
| In millions Euros | Q2 2017 | Q2 2018* | Change | Change on constant exchange rate (1) | HY 2017 | HY 2018* | Change | Change on a comparative basis (1) (2) |
| Power | 1,894.6 | 1,566.7 | -17.3% | -10.6% | 3,321.9 | 3,008.8 | -9.4% | -2.8% |
| Microwave/RF | 1,699.4 | 1,532.4 | -9.8% | -4.3% | 2,766.5 | 3,355.6 | 21.3% | -6.4% |
| Optronics | 952.9 | 1,437.8 | 50.9% | 59.3% | 1,729.8 | 2,623.4 | 51.7% | 36.3% |
| Thermal Imag. | 2,670.1 | 2,838.7 | 6.3% | 6.9% | 5,332.6 | 5,516.9 | 3.5% | 6.4% |
| Misc. | 1,023.9 | 879.7 | -14.1% | -8.7% | 1,538.3 | 1,783.4 | 15.9% | 17.2% |
| Group | 8,240.8 | 8,255.2 | 0.2% | 4.7% | 14,689.1 | 16,288.1 | 10.9% | 6.6% |
* Non audited (1) Exchange rate of $1.21/€ in 2018; $1.08/€ in 2017
(2) Only 4 month activity of Santier in H1-17
In the first half of 2018, the company has continued the development of the HTCC ceramics business for the thermal imaging market in the US. Sales in the thermal imaging segment, the group`s core business (33.9% of sales in H1 2018), posted growth in line with expectations in both the US and EU market, while anticipating temporary softness in the EU for H2 2018.