Page 1

EGIDE Bollène , July 23 , 2021-06 : 00 pm ( CET ) Press Release 1ST HALF 2021 REVENUE • 1st half 2021 revenue was € 16,59 m : + 30.7 % compared to S2 2020 . • Egide SA grew at + 2.3 % compared to S2 2020 , and 16.3 % YoY Egide USA grew at + 146.7 % ( in $ ) compared to S2 2020 , although -2.9 % YoY as the plating operation became gradually operational during the semester . Santier also bounced up at + 14.1 % ( in $ ) compared to S2 2020 , yet – 13 YoY % OUTLOOK ○ Group revenue target is maintained for 2021 . Egide USA plating operation will be 100 % operational early in Q3 2021 Egide group's unaudited consolidated revenues for the first half of 2021 strongly grew to € 16.59 million ( + 30.7 % ) compared to S2 2020 fueled by strong rebound at Santier and at Egide USA who has progressively resumed its plating activity . At constant exchange rates , compared to H1 2020 , the group recorded a YoY growth of 1.1 % , with support from strong growth at Egide SA ( + 16.6 % YoY ) while Egide USA plating line was not running yet in H1 2021 at its full potential . Egide Group confirms its growth target in the first half of 2021. The Group's revenues at June 30 , 2021 benefited in particular from : • The continued growth of Egide SA . The company is very well - positioned in the thermal imaging market in Europe , Asia ( notably with new customers in China and South Korea ) and the Middle East . The management team has concentrated on new opportunities per its strategy focused on the development of high - performance packages for power , optronics and microwave applications . This refocusing has allowed the product mix to evolve favorably , and to position Egide on new opportunities with qualification orders from new customers and projects in Oil & Gas , Night vision , and high - performance optoelectronics for fiber communication . • Egide USA recorded an improved performance as the Cambridge subsidiary returned to a level of activity close to what it was in the first half of 2020 before the fire . This required the utilization of a combination of plating subcontractors along with the new state of the art plating operation . We remind you that the first half of 2020 had a particularly strong level of revenue . The plating activities have gradually recovered during this first half and are nearly fully operational . Santier's activity increased + 14 % compared to previous semester , yet decreased by 13 % ( both in $ ) versus S1 2020 , mainly due to the impact of the aerospace industry . Indeed , specific satellite programs with large defense contractors have been delayed , most likely due to reduced staffing resulting from the pandemic . Sales denominated in dollars accounted for 56 % of the Group's total revenues in the first half of 2021 . 1 - Press Release - Egide Group - July 23 , 2021