Brief: Egide FY EBITDA Up At 0.7 Million Euros

Egide SA

28/03/2019 06:41

March 28 (Reuters) - EGIDE SA  EGID.PA :
    * ANNOUNCED ON WEDNESDAY 2018 TURNOVER: EUR 31.7 MLN (+2.7%
YOY),
STABLE ON A COMPARABLE BASIS (+0.2%)
    * 2018 EBITDA: EUR 0.67 MLN (+67.5% YOY) VS EUR 0.40 MLN IN
2017
    * FY NET LOSS EUR 2.3 MLN VS LOSS EUR 0.4 MLN YEAR AGO
    * THE GROUP EXPECTS OVERALL GROWTH IN 2019 DRIVEN BY THE US
BUSINESS UNITS
    * MANAGEMENT IS STUDYING AN ACTION PLAN TO REORGANIZE EGIDE
SA AND
TO CONSOLIDATE THE US UNITS
    * WE ANTICIPATE THE FIRST SEMESTER WILL BE IMPACTED BY
SOFTNESS OF
THERMAL IMAGING BUSINESS WHICH WILL ADVERSELY AFFECT REVENUE OF
EGIDE - CEO
    * WE EXPECT SEQUENTIAL IMPROVEMENT IN SECOND HALF DRIVEN BY
CONTINUOUS IMPROVEMENT OF US OPERATIONS AND RETURN TO REVENUE
LEVEL FOR EGIDE BACK TO H1 2018 - CEO

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE41W4hJ
    
 Further company coverage:  EGID.PA  
   


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