ECA Group: slight increase in revenue in the first half of 2017

ECA Group (Euronext Paris: ECASA) today announces its revenue for the first half of 2017.

Revenue

(In € million)
H1 2016
H1 2017⁽¹⁾
Change
Q2 2016
Q2 2017⁽¹⁾
Change


Robotics and Integrated Systems
31.4
32.9
5.0%
19.6
18.1
(7.8)%


Aerospace
13.6
17.7
29.6%
8.5
8.8
3.6%


Simulation
8.0
3.8
(52.3)%
5.3
2.8
(48.0)%


Structure & eliminations
(0.0)
(0.0)
n/a
0.1
(0.0)
n/a


Consolidated revenue
53.0
54.4
2.6%
33.5
29.6
(11.7)%

(1) Unaudited data

In the first half of 2017, ECA Group's consolidated revenue amounted to €54.4 million, up 2.6% compared with the first half of 2016. First half of 2016 revenue level was strong, so business in the first half of 2017 performed well, resulting from sound order intake level in 2016.

Revenue from the Robotics and Integrated Systems division amounted to €32.9 million in the first half of 2017, up 5.0% compared with the first half of 2016.

During the first half, this division recorded significant orders intake including a new contract of more than €4 million from the French navy for support for PAP subsea demining robots to be carried out in over five years (see press release), or a contract of more than €2 million from Ifremer to develop and deliver a new autonomous underwater vehicle able to reach a water-depth of 6,000 meters with total autonomy (see press release).

Furthermore, the division carried out successful tests on the AUV A18-D autonomous underwater vehicle, the first vehicle of which is to be delivered during the second half of the year. Offshore oil and gas represents a significant market potential for the A18-D.

Finally, last June, the division successfully demonstrated the technological edge and all the capabilities of its Unmanned MCM Integrated System UMIS for underwater mine disposal during operational demonstrations to the Belgian navy (see news).

Revenue from the Aerospace division amounted to €17.7 million in the first half of 2017, up 29.6% compared with the first half of 2016. This increase benefits from the acquisition of ELTA at the end of November 2016.

During the first half, sales of emergency locator transmitters were steady; the division announced the launch of its new «ELiTE» emergency locator transmitter for commercial aviation and a partnership was set up with NICOMATIC to develop a new electric test solution for aeronautics.

Finally, in the Simulation division, revenue amounted to €3.8 million in the first half of 2017, down 52.3% compared with the first half of 2016. The first half is affected by an unfavorable comparison basis linked to the completion of the contract for military vehicle driving simulators (MVS) at the end of the first half of 2016. At the end of 2016, the division was awarded a new contract (see press release) for military vehicle driving simulators (MVS) which will contribute to revenue in the second half of 2017.

Outlook

The group is positioned on several significant calls for tender, particularly for airborne drones, drone systems or assembly systems for the aeronautical industry which have been pending decision for several months and should go through in the second half of 2017

In this context, the group confirms its objective of reaching revenue of €120 million in 2017.

Next press release:

Half-year results to be released on 11 September 2017



 

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The ECA Group

Recognized for its expertise in robotics, automation systems, simulation and industrial processes, the ECA Group has been developing complete, innovative technological solutions for complex missions in hostile and confined environments since 1936. Its product offering is designed for an international client base that is demanding, both in terms of safety and effectiveness. The Group's main markets are in the defense, maritime, aeronautics, simulation, industrial and energy sectors.

In 2016, the Group reported revenue of €112.5 million across its three divisions: Robotics & Integrated Systems, Aeronautics and Simulation.

The ECA Group is a Groupe Gorgé company.

The ECA Group is listed on Euronext Paris Compartment C.

Indexes: SBF 250, CAC SMALL 90 and CAC IT- ISIN Code: FR0010099515

Ticker Code: ECASA - Bloomberg Code: ECASA:FP



 

Contact



Actus Finance

 

Natacha MORANDI

Analysts/Investors

Relations

T : +33 (0)1 53 67 36 94

[email protected]

 

Jean-Michel MARMILLON

Press Relations

T : +33(0)1 53 67 36 73

[email protected]
ECA Group

 

Raphaël GORGE

Chairman

T : +33 (0)1 44 77 94 80

 

Guenaël GUILLERME

Chief Executive Officer

T : +33 (0)4 94 08 90 00

Disclaimer

This press release could contain statements on past events and forward-looking statements including statements regarding future goals or targets. Forward-looking statements reflect current expectations for results and future events.

Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that may cause actual results, performance or events to differ materially from those anticipated herein. All these risks and uncertainties could affect the Group's future ability to achieve its targets. Risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements and targets include, among other things: the risks and uncertainties mentioned in the press release; the strength of competition; the continuing growth of the market; currency fluctuations; interest rate fluctuations; raw material price fluctuations; armed conflicts or political instability; control of costs and expenses; changes in tax legislation, rules,
regulation or enforcement; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel and key personnel; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; supply chain and manufacturing bottlenecks; the performance of our business partners (subcontractors, agents, suppliers, etc.).

Some of these risk factors are set forth and detailed in our Document de Référence (Registration Document including the annual financial report filed with the French Autorité des Marchés Financiers). This list of risks, uncertainties and other factors is not limitative. Other non-anticipated, unknown or unforeseeable factors could also have material adverse effect on our targets. The Group expressly disclaims any obligation or undertaking to update or revise any forward-looking statements or targets potentially contained in this press release to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based.

Source: Actusnews