Egide Group reported unaudited consolidated revenue results for the fourth quarter and full year of 2017. For the fourth quarter, Revenue reached EUR 8.33 million, up 19.6% at current structure and exchange rates.

For the year 2017, the company reported revenue of EUR 30.9 million in 2017, up 39.4%, despite negative currency impact and a difficult market environment in the United States. Revenue rose by 3.5% in 2017 on a comparative basis and at constant currency.

The company remains confident that it will be able to profit from a more positive environment, particularly in the US defense sector. Trends for the thermal imaging market remain positive in 2018, and Egide should maintain its leadership position in this market. Egide therefore expects similar growth in 2018 and is on track to meet its goals for 2020 plan.