James F. Collins, Chairman & CEO, commented: "Despite delays requested by our customers, partially due to the US political environment, we still achieved modest growth in Q3-16. Thanks to a positive book-to-bill ratio, our backlog has continued to grow. While we expect H2-16 revenue to be soft relative to H1-16, we are optimistic for 2017."
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James (Jim) F. Collins, Chairman and CEO, comments: "Growth in revenue during the first semester as well as a good book-to-bill are encouraging for the group. In addition, yield and productivity improvement at both productions sites allow the company to significantly improve its operating result. Sales efforts started a year ago for our selected markets will be continued, our primary objective being to increase our revenues."
Egide will meet investors at the European Large and Midcap Event on October 5 & 6, 2016 at the Palais Brongniart, Paris.
Egide Group had consolidated revenue (unaudited) for the 2016 first half of €11.55 million, an increase of 17 % year-on-year and up 7 % from the preceding six-month period.
Egide is pleased to announce the expansion of its manufacturing facility in Cambridge, Maryland with at $2.5 million investment in facilities and equipment.
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2015 results - 2016 first-quarter revenue and outlook
EGIDE (Euronext Paris - ISIN : FR0000072373 - Reuters : EGID.PA - Bloomberg : GID) will be pleased to meet investors during the 2016 European Smallcap Event, held in Paris on April 11 &12, 2016.
Egide is pleased to announce that it has entered into a Manufacturing and Supply Agreement with Sofradir for an initial term of three (3) years, which renews automatically with consent of both parties.
James F. Collins, Chief Executive Officer of the group, comments: "As previously shared, the group's overall revenues in 2015 is in line with 2013 and 2014." He adds: "We now are seeing the fruits of our efforts regarding reorganization of both the commercial and operational organizations. A positive book-to-bill ratio in 2015 means that our previous guidance of double digit growth in 2016 remains an achievable goal for the group."
The Egide group announces that its shares are eligible for the SRD "Long-only" with effect December 29, 2015.