Microwave Vision Group Announces Increased Revenues and Orders for the 1st Quarter of 201312 juin 2013
MICROWAVE VISION GROUP (MVG) (Paris: ALMIC), a leader in electromagnetic wave testing and measurement, announces consolidated revenues for the 1st quarter of 2013 of €10.9M, an increase of 12.4% compared to the 2012 1st quarter results. Orders are also up by 45% compared to Q1 2012.
First quarter revenues have been divided up as follows: €8.55M for the AMS(Antenna Measurement Systems) business unit (BU); €1.65M for the EMC(Electromagnetic Compatibility) BU and €0.70M for the EIC (Environmental and Industrial Control) BU. The EMC BU currently accounts for 15% of turnover, thus demonstrating the increased importance of this branch for the Group, particularly since the acquisition of Rainford EMC in July 2012.
During this 1st quarter MVG confirmed its strong international presence reflected by an even spread of its activities worldwide: 32% in Europe, 35% in Asia and 33% in the United States.
Continuing the success of the last quarter of 2012, orders in the first quarter increased sharply, soaring to +45% compared to the first quarter of 2012. This is an extremely positive trend which has shown no signs of abating in the spring and should have a positive impact on the second quarter of the year.
This turnover, combined with the increase in orders, strengthens the Group’s belief that it will achieve its growth and profitability objectives in 2013.
“The encouraging start to the year underlines the significance of our strategy to activate growth levers in our four business units”, explains Philippe Garreau, chairman of MVG.
The next quarterly results will be published on 25 September 2013.#FINANCIAL RESULTS #HIGH TECHNOLOGY