Egide: decline in first-half sales

(CercleFinance.com) - Egide was down sharply on Wednesday's trading on the Paris Bourse, after announcing a drop in first-half sales following a sharp drop in business from a major customer in France.


The manufacturer of hermetic packages for sensitive electronic components reported sales of 15.4 million euros for the first six months of the year, down 20%.

The Group - which is seeking to win new customers and develop new products - points out, however, that these diversification efforts will require lengthy qualification phases, which will only begin to bear fruit in the last quarter of 2024.

Although it expects second-half sales to be up on the first half, Egide nevertheless anticipates a decline in consolidated sales for 2024 compared with 2023.

Listed on Euronext Growth Paris, Egide shares were down by more than 7% mid-day on Wednesday following this publication.

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