(AOF) – Egide generated a net profit of 0.05 million as of December 31, 2021 against 0.98 million euros in 2020. Ebitda adjusted for rents amounted to 1.5 million euros against 3.8 billion euros in 2020. The consolidated turnover of the manufacturer of hermetic enclosures and heat dissipation solutions for sensitive electronic components amounts to 32.50 million euros, an increase of 8.5%.
“Growth could have been greater without the labor shortages experienced in the United States. The needs for qualified personnel and direct labor indeed remained unmet in the second half of 2021. This will require new approaches in 2022, as the labor market remains tight in the United States” commented Egide.
“The good pace of build-up of the order book observed at the end of 2021, largely driven by the Defense sector, makes it possible to lay a solid foundation for a good year in 2022, indicated Egide.
The geopolitical situation in Europe should have a positive effect without this being tangible for the moment in terms of order intake. Defense contractors, both in Europe and the United States, have indicated, without clearly announcing their orders, that they expect their respective businesses to be sustained in the second half of the year.
Jim Collins, Chairman and Chief Executive Officer, added: “Loyalty from our customers continues to drive our two US subsidiaries and this translated into significant order intake in Q4 2021 and Q1 2022. We expect 2022 is a year of growth for the Group’s activity and margins.”
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Professional electronics: market under pressure
According to the WSTS (World Semiconductor Trade Statistics), the global semiconductor market is even expected to grow by 8.4% in 2021 for a market under extreme tension.
While demand is growing faster than global growth, supply is very limited. Three players dominate the sector (the Taiwanese TSMC, the American Intel and the Korean Samsung) whereas there were more than twenty in 2002. Analysts predict that there will be only two from 2023. The United States represent only 12% of world production according to the Semiconductor Industry Association. As for Europe, it weighs only 7%. It aims to produce 20% of semiconductors in the world by 2030. Sixteen countries, including France and Germany, will unite to develop production capacities.
TSMC (the Taiwan Semiconductor Manufacturing Company) is very well positioned to take advantage of the arrival of 5G and connected objects. “Founder”, it does not sell any chip under its brand, but produces the components on behalf of other players.
The Middle East ESC
Still relatively unknown compared to the Consumer Electronics Show (CES), the Gitex (Gulf Information Technology Exhibition) in Dubai has existed since 1981 and attracts around 100,000 visitors a year. Even if it wants to compete with the CES in Las Vegas, and the region is a very tech-savvy market, the Gitex remains, despite its internationalization, still a regional hub for technology. The CES makes it possible to cover the United States, North America and Europe at the same time, while the Gitex rather covers the Middle East, Africa and South Asia. In 2021 this event took place at the same time as the Universal Exhibition in Dubai. France was the second most represented country, behind Italy.