The Microwave Vision Group announces 26% annual growth

Microwave Vision, a manufacturer of telecom measurement systems, ends the year with an increase of 26% in Group revenue. Two main market sectors, the telecommunications and aerospace and defense industries, show revenue growth in the double digits.

The telecommunications sector grew rapidly in 2010. It represented 43% of revenue, or EUR 18.7 million as compared to EUR 12.2 million (35%) in 2009. This increase is partially explained by dynamic growth in the market, particularly in smartphones, and also through its "dosimetry" product line, which represents 3.6% of the year's activity.

Revenue as of December 31, 2010 was EUR 43.9 million (unaudited) as compared to EUR 34.9 million last year. Backlog at year-end remains high at EUR 29.1 million.

Geographically, sales were divided into 28% from Europe, 34% from Asia, and 38% from North America.Asia confirmed its strength, with turnover in this region increasing from EUR 9.7m to EUR 15 million euros per year. For the third quarter, revenue in all three areas was almost equal, maintaining a geographically-balanced trend that began in 2009 and on which the Group has focused its marketing efforts.

The last quarter has helped to generate a EUR 12.58 million turnover, up 5.6% over the previous quarter

November 14, 2011

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