Brief: Egide FY Revenue At 29.96 Million Euros, Down 5.8%

Egide SA

26/01/2021 06:04

Jan 26 (Reuters) - Egide SA  EGID.PA :
    * 2020 2ND HALF REVENUE AND 2020 REVENUE
    * FY REVENUE FELL 5.8 PERCENT TO 29.96 MILLION EUR
    * OUTLOOK: OVERALL ORDER BACKLOG AT YEAR END CONFIRMED
RESILIENCE
TO CRISES AND SHOWING SAME LEVEL COMPARED TO DECEMBER 2019
    * WHILE RECENT BUSINESS ACTIVITY ALLOWS TO ANTICIPATE GROWTH
IN
2021, PERSISTENCE OF COVID PREVENTS ANY RELIABLE PROJECTION IN
TERMS OF ACTIVITY OR MARKET TRENDS
    * DUE TO LONG CYCLE TIME OF EGIDE'S PRODUCTS, NEW CUSTOMER
SALES
ARE EXPECTED TO GROW SIGNIFICANTLY IN FOLLOWING 3 YEARS
    * NEW CUSTOMERS WHO STARTED BUSINESS WITH EGIDE IN 2019 AND
2020
NOW REPRESENT 1.5 MEUR OF SALES

Source text for Eikon:  ID:nGNE3csGrL 
Further company coverage:  EGID.PA 

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