PARIS--()--The annual order intake for the MICROWAVE VISION Group reaches €50.5M in 2012, a 5% increase from 2011. In the last quarter, contracts worth €26M were secured, totaling more than half the annual orders.
“We have the resources and therefore we are preparing to take new offensive action in two of our main sectors, in Electromagnetic Compatibility on the one hand, and in Environmental and Industrial Control systems on the other hand”
The previous record of €17M recorded in the third quarter of 2011 has been substantially exceeded by that of the last quarter of 2012 for the MICROWAVE VISION Group (MVG), an average of €2M per week in orders. These orders result from an ongoing sales and marketing effort carried out over previous months and reflect the economic recovery and regeneration of American orders which have long been on hold.
The €26M of orders (over 350 in total) results equally from the various regions of the world in which MVG prospers: 32% from Asia, 34% from Europe and 34% from the United States.
The Group’s historic Core Business Unit, Antenna Measurement Systems (AMS), recorded €19.6M worth of orders over the last quarter of 2012. These orders are shared between €11.7M (60%) issued in the Aerospace and Defense sector and €7.9M (40%) for Civil Telecommunications. These figures reinforce the Group’s strong historic positioning in the antenna measurement sector.
This commercial record also demonstrates the successful take-off of the Group’s Electromagnetic Compatibility (EMC) Business Unit. This is to say, out of the €26M of order intake, about €6M come from this unit, an important sustainable sector for the Group. This Business Unit groups together a part of AEMI business activities (Absorbent Materials) and those of the English company Rainford EMC Systems (Shielded Rooms), acquired last July.
The remaining €0.4M results from the Environmental and Industrial Control (EIC) Business Unit.
Funds raised last July from its banking partners have enabled MVG to accelerate the deployment of new products in AMS and to leverage its other Business Units.
“We have the resources and therefore we are preparing to take new offensive action in two of our main sectors, in Electromagnetic Compatibility on the one hand, and in Environmental and Industrial Control systems on the other hand,” explained Philippe Garreau, the Group’s Chairman.
Next update, the 2012 revenue release, is scheduled for February 25th.
About MICROWAVE VISION
MICROWAVE VISION Group – MVG – (NYSE-Euronext: ALMIC) is a leading global manufacturer of antenna test and measurement systems for the Telecommunications, Automotive, Defense and Aerospace industries, as well as for academic research. With the recent acquisition of REMC, specialists in shielded chambers for anechoic, EMC and screened room solutions, MVG offers the widest range and most innovative technology of its kind in the respective markets. The company brings together the high-precision electronic scanners developed by SATIMO using its “microwave vision” technology, ORBIT/FR products developed through a state-of-the-art technology of high-performance positioners and electromechanical scanners, AEMI high performing absorbing materials, and now REMC provider of specialized shielded chambers. MVG is located in 9 countries – France, Italy, Germany, UK, Sweden, USA, Israel, China, and Japan, and has more than 260 employees. The group boasts a client base including several large international companies. MVG achieved a turnover of € 44.03 million for the year end 31 December 2011. MVG has been awarded the OSEO certification “Innovative Company”. Alternext, code ISIN FR 0004058949 | For more information, visit: http://www.microwavevision.com