MICROWAVE VISION: Strong Growth in Sales for First 9 Months of 2010: +31%

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MICROWAVE VISION

Nov 16, 2010, 12:45 ET

PARIS, November 16, 2010 /PRNewswire-FirstCall/ -- The Microwave Vision Group announces consolidated sales of EUR 31.3 M* for the first nine months of 2010, which represents an organic growth of 31% over the same time period in 2009.

All market sectors and geographic regions contributed to this excellent performance.

Market sector dynamics

The Group benefitted from its broad product offering and dedication to innovation. A recovery in the telecommunications market, which was noticed in the first half of the year, is now confirmed. Accordingly, Microwave Vision has strengthened its presence in this sector as business rose to EUR 12.8 million, representing 41% of the group's sales, as compared to 35% in FY 2009.

The aerospace and defense market remains very strong, contributing EUR18.5 M, or 59% of the group's sales.

Growth in all geographic regions

Microwave Vision takes advantage of its international presence, with sales growth across all geographic areas. This growth is very balanced across North America (34%), Asia (33%) and Europe (32%).

Confidence in the future

Microwave Vision also has an increased backlog of EUR 32.2 M as of October 31, 2010, compared to EUR 30.3 M as of June 30, offering confidence for the future.

"After two years of re-structuring and the successful integration of ORBIT/FR, the Group is operating effectively and taking full advantage of growth in all our markets. We continue to optimize costs and improve our margins in order to make the most of this terrific year," said Philippe Garreau, CEO of Microwave Vision.

    Next publications:
    - Sales for 2010 after closing on February 18, 2011
    - Results for 2010 after closing on April 26, 2011
    About MICROWAVE VISION:

MICROWAVE VISION (NYSE-Euronext: ALMIC) is one of the leading world producers of antenna test and measuring systems for the radiocommunication, automotive, defense, and aerospace fields. Alternext, FR ISIN code 0004058949 http://www.microwavevision.com

SOURCE MICROWAVE VISION

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