Orders Soared in 2011 for the Microwave Vision Group
PARIS, February 2, 2012 /PRNewswire/ –
– The Microwave Vision Group’s orders totaled EUR48.16 million in 2011, compared to
EUR39.73 million in 2010, an increase of 21%
– Europe and Asia led the boost in orders across all industries
Growth is therefore a reality for the Microwave Vision Group. The rise in orders at
the end of the year, the Group’s redeployment to Europe and Asia, and the success of
Telecommunications business in the United States have more than compensated for the drop
in Aerospace and Defense orders in North America at the beginning of the year.
Although the order received in North America shrunk by 12% between 2010 and 2011,
Europe (+70%) and Asia (+31%) showed significant increases. In addition to this,
worldwide, orders for the Aerospace and Defense industries rose by 25% compared to those
in 2010. The order total for the Telecommunications industry is no exception with an
increase of 17% compared to 2010.
“Given the difficult global economic situation, this rise in orders demonstrates our
Group’s responsiveness. The redeployment of our sales forces, which began in early 2011,
and the promotion of the Microwave Vision brand have already proved successful. We have
secured sizeable contracts in Europe and Asia. We were also able to take advantage of the
revival of the Defense market in the United States at the end of the year. These factors
mean that we can face the beginning of 2012 with optimism,” explained Philippe Garreau,
the Group’s President and CEO.
The Group’s revenues will be announced on February 29.
About MICROWAVE VISION:
MICROWAVE VISION (NYSE-Euronext: ALMIC) is a leading global manufacturer of test
systems and antenna measurement in the fields of Radio Communications, Automotive, Defense
and Aerospace. With the integration of ORBIT/FR, Inc. (OTC Bulletin Board: ORFR), a U.S.
company acquired in May 2008, the Group was able to develop an innovative market offer. It
combines precision electronic scanners developed by SATIMO Industries under its “microwave
vision” technology” with ORBIT/FR’s high performance electromechanical positioners and
scanners. MICROWAVE VISION is located in 8 countries. The group has a loyal clientele of
many international companies. It achieved EUR 43.9 million in revenue in its fiscal year
ended December 31, 2010. Alternext, code ISIN FR 0004058949 | Learn more:
SOURCE MICROWAVE VISION