Earnings release
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EGIDE Bollène , September 29,2021 -06 : 00pm ( CET ) Press Release 2021 FIRST HALF RESULTS • • H1 2021 turnover : € 16.60 million ( + 30.7 % vs. S2 2020 ) thanks to Cambridge unit plating line progressive recovery during the semester and thanks to strong YoY growth at Egide SA . Consolidated operating income at € 0.52 million Net Income : € 0.24 million ( vs. € 0,004M in H1 2020 ) despite exceptional temporary plating subcontracting charges in USA over that period . • Outlook : ○ The Group expects to maintain comparable level of activity in H2 2021 ○ The Group should quickly benefit from its new services and industrial capacities : new plating line in the USA and industrial modernization at the Bollène site . The Audit Committee and the Board of Directors met to approve the interim financial statements for the six months ended June 30 , 2021. The Statutory Auditors conducted a limited review of these financial statements and issued their report in accordance with legal requirements . Egide Group's consolidated EBITDA ( corrected from IFRS16 ) for the six - month period ended June 30 , 2021 , came at € 1.19 million . First - half Results consolidated P & L ( In € m ) H1 2020 As a percentage of revenues H1 2021 As a percentage of revenues Sales 17.27 16.60 Current EBITDA * 0.93 7 % 1.19 7 % Operating Income ( Ebit ) 0.52 3 % 0.52 3 % Net Income 0,004 0 % 0.24 1 % * Ebitda corrected from IFRS16 CONSOLIDATED FINANCIALS AS OF JUNE 30 , 2021 The Egide group's consolidated revenues for the first half of the year amounted to € 16.60 million , representing a decrease of 3.9 % compared to H1 2020 but a + 30.7 % rebound in growth compared to H2 2020. Egide SA's significant 16.6 % increase in sales did not fully compensate for the decline in sales of its American subsidiaries , which was accentuated by the exchange rate effect . At constant exchange rates , the group's growth would have been positive by 1.1 % . Sales prospection activity remained slowed down by health constraints , macroeconomic uncertainties , and especially manufacturing delays caused by the time required to rebuild Egide USA's plating line in Cambridge ( following the July 2020 fire ) . 1 - Press Release - Egide Group - 2021 Half - Year results