(AOF) – Actia Group has announced the study of structural projects for the disposal of non-strategic activities contributing to the strengthening of its financial structure. Encouraged by the continued growth of its order book, enabling it to target sales of more than 800 million euros within 4 years, the group plans to sell activities that are not essential to achieving this goal.
These structural projects would strengthen the financial room for maneuver of the group, which has also secured its financial resources by obtaining 100% of the PGEs requested in 2021, i.e. 50.7 million euros, after the 41.4 million euros set up in 2020.
In addition, in the event that certain covenants are not respected on December 31, 2021, ratios not yet established to date, Actia obtained in December from all of its banking partners concerned (less than 20% of the total debt ) exemptions from the application of the covenants.
“By also having the effect of allowing the group’s investments to be concentrated on its technological activities with higher added value, the planned disposals will allow Actia to have more resources to consolidate its innovation policy while supporting its customers in the many challenges of the electronic world, and better conditions to drive its growth”, explained the group.
In this context, negotiations are underway with potential partners.
At the end of the 2021 financial year, Actia confirms the growth of its level of activity with a turnover close to 460 million euros, against 438.5 million euros in 2020, despite major supply difficulties into components.
For 2022, Actia says it still has a large order book, allowing it to continue the growth dynamic, while remaining hampered by tensions in the components market.
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The Middle East ESC
Still relatively unknown compared to the Consumer Electronics Show (CES), the Gitex (Gulf Information Technology Exhibition) in Dubai has existed since 1981 and attracts around 100,000 visitors a year. Even if it wants to compete with the CES in Las Vegas, and the region is a very tech-savvy market, the Gitex remains, despite its internationalization, still a regional hub for technology. The CES makes it possible to cover the United States, North America and Europe at the same time, while the Gitex rather covers the Middle East, Africa and South Asia. In 2021 this event took place at the same time as the Universal Exhibition in Dubai. France was the second most represented country, behind Italy.