(Boursier.com) — In the third quarter of 2022/23, the Group Abeo achieved a turnover of 55.4 million euros, up +6.1%, including a scope effect linked to the integration of the latest acquisitions, Eurogym and BigAirBag (+1.6%), and a Favorable foreign exchange effect of +0.8% (appreciation of the US dollar). The group achieved a good performance over the quarter, with organic growth of +3.7% despite an unstable economic environment.
Thus, at the end of the 9 months of the 2022/23 financial year, Abeo’s turnover amounts to 173.2 ME, up +17.1% compared to the same period over the financial year. previous. As of December 31, 2022, organic growth amounted to +12.7%, the contribution of the change in scope was positive by 2.3% (integration of Eurogym and BigAirBag) and the exchange rate effect was favorable by 2. 1%.
Commercial activity over the first 9 months of 2022/23 remains solid with order intake amounting to €176.7 million at December 31, 2022, up 8% (+3% in organic growth, +3.5 % in external growth and +1.5% exchange rate effects) compared to the first 9 months of 2021/22.
Outlook
For the full 2022/23 financial year, Abeo is in line with its business plan and confirms its double-digit organic growth ambitions.
In a context of heightened inflationary pressures in the 2nd half, combined with a very competitive market environment, the Group is careful to find the right balance between volume and operating margin, knowing that the 4th quarter is traditionally more of a contributor in terms of activity and of results.
In the medium term, the Group will benefit from strong visibility for its Spieth America brand, having been designated, for the first time, official equipment supplier by the American Gymnastics Federation (USAG) for major national and international competitions. in the USA. Thus, Abeo has a new growth lever for the Sport division over the coming years.
Finally, Abeo expects the gradual resumption of a new dynamic in the Asian market in a phase of gradual recovery following the lifting of health restrictions in China.