ECA Group (Euronext Paris: ECASA) today announces its revenue for the third quarter of 2017.
Over the first nine months of 2017, ECA Group's consolidated revenue amounted to €76.4 million, up 1.1%. The growth in revenue reflects the strong momentum enjoyed by the Aerospace division, in addition to the recovery of the Simulation business following the decline recorded in the first half of the year.
Revenue for the Robotics and Integrated Systems division came to €45.6 million over the first nine months, down 3.4% due to long project cycles. Several major contracts, some of which should be finalized soon, are under negotiation.
Revenue for the Aerospace division reached €25.2 million over the first nine months of 2017, up 35.8% compared with the first nine months of 2016. The division's business remains buoyant and it recorded growth of 53.1% in the third quarter, primarily due to the new airborne and spatial emergency locator transmitter activities.
Lastly, revenue for the Simulation division amounted to €1.9 million in the third quarter of 2017, up 4.1% after a decline in the first half of 2017. The quarter benefited from the performance of the contract for the production of military vehicle driving simulators (MVS), which will contribute to revenue for the second half of 2017 (see press release).
The Group should continue to grow through the marketing of products developed during recent years, and is building on its efforts to improve profitability.
The Group is participating in several significant calls for tender, in particular in the Robotics & Integrated Systems division. Although some of these contracts have been pending for several months, they could be awarded in the fourth quarter.
The Group expects a very high level of business in the fourth quarter, which should enable it to achieve the targeted revenue of €120 million for 2017.