BALYO Announces its Q1 2022 Sales at €3.9m
April 21 2022 - 11:45AM
Business Wire
- Continued momentum in order intake in Q1 2022: €4.6
million
- Increase in order backlog1 to €10.1 million as of March 31,
2022, +10%
Regulatory News:
BALYO (Paris:BALYO) (FR0013258399, Ticker: BALYO,
eligible for PEA-PME savings schemes), a technological leader
in the design and development of innovative robotic solutions for
material handling trucks, today announces its revenues for the
first quarter of 2022.
Pascal Rialland, CEO of BALYO, said: « This first
quarter of 2022 confirms the Company's commercial momentum,
characterized by an increase in the order book. Quarterly revenues
are perfectly in line with our expectations and clearly do not call
into question BALYO's objective of returning to sustained growth in
2022. The development of direct sales, the acceleration of the
commercial dynamic in the U.S. following the recruitments made and
the commitment of orders from our partner Linde will drive BALYO's
growth as of the next quarter. »
In thousands of euros
Q1 2021
Q1 2022
Change
EMEA region
3,815
3,380
-11%
Americas region
475
382
-20%
APAC region
26
111
+327%
Reported sales revenue*
4,316
3,873
-10%
* Unaudited data
Q1 2022 activity in line with company's expectations
BALYO recorded revenues of €3.9 million in Q1 2022, a 10%
decrease compared to Q1 2021, which is mainly due to lower revenues
with its partner LINDE MATERIAL HANDLING compared to last year, but
which should be made up in the coming quarters, knowing that LINDE
HANDLING MATERIAL has signed a €13.9 million annual commitment
order contract with the Company for 2022.
Increase in order book
As in previous quarters, BALYO's differentiating positioning, in
particular its technological leadership, allows it to pursue its
commercial momentum. After integration of new orders for €4.6
million in the first quarter of 2022, an increase of +7% compared
to the first quarter of 2021, the order backlog as of March 31,
2022 amounts to €10.1 million, an increase of +16% compared to
March 31, 2021.
Strategy and outlook
Committed in an ambitious commercial plan aiming at a strong
growth in order intake, particularly in direct sales, BALYO intends
to step up in 2022 thanks to a unique positioning on the market of
mobile robotics and pallet movement. Thanks to a recognized and
unmatched product offering in high-rack storage, a technological
leadership as well as the signing of many commercial partnerships,
BALYO will also be able to rely on the expansion of its sales
teams, particularly in the U.S.
BALYO remains cautious about the supply of certain electronic
components and the extended lead times in the current context. The
increase in production costs for robotic kits, related to the rise
in the raw materials and energy prices, as well as longer lead
times for the supply of base truck for projects sold directly are
also being closely monitored without the Company being able to
assess their precise impact to date.
BALYO has submitted today its Universal Registration Document to
the AMF, including the 2021 annual financial report, which is
available on its website: https://www.balyo.com/investors
***
General Meeting of Shareholders: May, 31st 2022 – The
terms of participation will be communicated at a later date.
Next financial release: sales for the first half of 2022
on July 21, 2022
About BALYO
Humans around the World deserve enriching and creative jobs. At
BALYO, we believe that pallet movements in DC and manufacturing
sites should be left to fully autonomous robots. To execute this
ambition, BALYO transforms standard forklifts into intelligent
robots thanks to its breakthrough Driven by Balyo™ technology. Our
leading geo guidance navigation system enables robots to locate
their position and navigate autonomously inside buildings - without
the need for any additional infrastructure. To accelerate the
material handling market conversion to autonomy, BALYO has entered
into two global partnerships with KION (Fenwick-Linde's parent
company) and Hyster-Yale Group. A full range of globally available
robots has been developed for virtually all traditional warehousing
applications; Tractor, Pallet, Stackers, Reach and VNA-robots.
BALYO and its subsidiaries in Boston and Singapore serve clients in
the Americas, Europe and Asia-Pacific. The company has been listed
on EURONEXT since 2017 and its sales revenue reached €21.8 million
in 2021. For more information, visit www.balyo.com.
1 The backlog refers to all orders for projects received but not
yet fulfilled. The backlog evolves every quarter following the
taking into account of new orders, the revenue generated by
projects during the period and the cancellation of orders.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220421005720/en/
BALYO Frank Chuffart investors@balyo.com
NewCap Financial Communication and Investor Relations Thomas
Grojean / Louis-Victor Delouvrier Tel : +33 1 44 71 98 53
balyo@newcap.eu
Balyo (EU:BALYO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Balyo (EU:BALYO)
Historical Stock Chart
From Jul 2023 to Jul 2024