The Egide Group today announces the completion of an important phase of its strategic development plan. After the new group governance measures announced in September and the appointment of James F. Collins as CEO of the group, Egide completed with the help of the team already in place, a large reflection on the reorganization of its commercial service. The goal is to conquer new markets in France and worldwide, and to increase sales of the group. This will utilize a fully customer-oriented approach and a sales force significantly enhanced in the field.
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For the 2014 third quarter, Egide Group had consolidated sales of €4.8 million (unaudited), stable compared to last year's same quarter and down by 8% from the previous quarter of this year.
On these half-year results, James (Jim) F. Collins, Chief Executive Officer, commented: "This performance highlights continuing improvements that are bringing us closer to breakeven. On that basis, the operating loss for the first half was limited to E65,000 which, combined with net financial expense of E67,000, resulted in a E132,000 net loss for the period."
EGIDE will meet investors at the 14th edition of Paris Large and Midcap Event on October 2 & 3, 2014 at the Palais Brongniart.On this occasion, James (Jim) F. Collins, the new CEO of the Group since September 11, 2014 will present the company, its development strategy and the last news during one-to-one meetings.
The Board of Directors of Egide (ISIN: FR0000072373 - Euronext Paris Compartment C), a specialist inhermetic packages dedicated to the protection and interconnection of electronic and photonic chips, adopts new measures of corporategovernance to effectively focus its development project
After Catherine GERST's resignation as board member, Egide presents the composition of its new Board of Directors
Sales in Q2 2014 stabilize, limiting the decline in H1 to 3%
The combined extraordinary and ordinary shareholders' meeting of Egide, held on July 7, 2014 pursuant to a second meeting notice, approved the appointments of Mrs. Colette Lucas and Mr. Jean-Louis Malinge as directors for terms of six years.
5.1 million Euros raised to implement the plan « Engagement 2018 » - Oversubscription rate of 120% - Full exercise of the Extension Option - Issuance of 2.280.573 new shares as of June 30, 2014
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Commenting these 2013 financial highlights, Philippe Bregi, Chairman of the Egide Group, stated: "Despite continuing economic slow-down in 2013, Egide's results showed improvements from the prior year. "The Group's reorganization, with the disposal of the two non-strategic subsidiaries, Egima and Egide UK, has allowed it to refocus on its core business as a supplier of hermetic packages for high-end applications where it is an essential player due to the quality of its products and the expertise of its teams."
By decision of the Board of Directors chaired by Philippe Brégi, Egide Group has made changes to its corporate governance and management team. Today the Board separated the functions of Chairman and Chief Executive Officer previously jointly exercised by Philippe Brégi who will henceforth serve exclusively as the Group's Chairman.
Reflecting its strategy of ramping up sales efforts in strong growth regions for its products (high-end hermetic packages), Egide will participate in the Laser World of Photonics China tradeshow on March 18-20, 2014. Held every year in March, this tradeshow is Asia's leading optics and photonics industry event with more than 500 exhibiting companies and 36,000 visitors in 2013.
Egide (ISIN: FR0000072373 Segment C NYSE Euronext Paris), specialized in the manufacture of hermetic packages for the protection and interconnection of critical electronic and photonic chips, today announced the signature of an order with a new South Korean customer for the first generation 100 Gb/s Gen-1 ICRreceiver.
Egide (ISIN: FR0000072373 Segment C NYSE Euronext Paris), specialized in the manufacture of hermeticpackages for the protection and interconnection of critical electronic and photonic chips, today announced the first order for the new generation 100 Gb/s Gen -2 ICR receiver.
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).
