Igny on 1
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August 2023-
ARCHOS announces that the consolidated turnover of its subsidiary LOGIC INSTRUMENT, a French brand, is up very sharply by 80% compared to the first half of 2022. An acceleration of growth, particularly in Germany, which confirms the relevance of the strategy aimed at enriching its range of products and solutions, strengthening its relationships with major accounts and also developing the defense sector.
Synthetic income statement
|
Consolidated income statement in M€ |
06/30/2023 |
06/30/2022 |
VAR° in K€ |
VAR° in % |
|
Turnover |
7.2 |
4.0 |
+3.2 |
80% |
Gross margin |
2.0 |
1.4 |
+0.6 |
46% |
|
% Gross margin on turnover |
28.4% |
34.9% |
– |
– |
Other operating expenses |
1.7 |
1.6 |
+0.1 |
5% |
|
Operating result |
0.4 |
-0.2 |
+0.6 |
– |
|
Consolidated net income |
0.4 |
-0.2 |
+0.6 |
– |
The gross margin is up 46% in value. Operating expenses remain strictly controlled.
Operating profit and net profit amounted to €0.4 million, i.e. 5% of turnover and an increase of €0.6 million compared to the first half of 2022.
|
Main balance sheet items (M€) |
06/30/2023 |
31/12/2022 |
VAR° in K€ |
|
fixed assets |
0.2 |
0.2 |
– |
|
Stock of finished products |
2.3 |
2.1 |
+0.2 |
|
Receivables (customers & others) |
2.4 |
1.1 |
+1.3 |
|
Availability |
2.6 |
4.0 |
-1.4 |
|
Equity and Interest Min. |
4.9 |
4.5 |
+0.4 |
|
Financial debts |
1.0 |
+1.2 |
-0.2 |
|
Suppliers and other provisions |
1.4 |
+1.7 |
-0.3 |
The major balance sheet points:
Receivables increased by €1.3M and inventory by €0.2M, while suppliers decreased by €0.3M, this reflected in cash flow down by €1.4M compared to 31/12/2022.
Equity is up by €0.4m due to the positive net income and net debt is down by €0.2m
LOGIC INSTRUMENT’s product and service offering
An enriched range
The company, manufacturer, integrator and distributor, now offers a complete range of mobile solutions covering rugged smartphones, tablets but also PCs designed for outdoor environments and in extreme conditions under operating systems adapted to the use cases.
A range of solutions responding to the geopolitical context
LOGIC INSTRUMENT, with many years of experience in the sector of solutions designed for defense, offers a capacity for customization, tailor-made products, and expertise in complex project management, in France and abroad.
Recognition of major accounts
Major European accounts recognize LOGIC INSTRUMENT as a qualified, historical partner, capable of maintaining parks installed over long periods of more than 5 years.
Outlook 2023
The company is targeting very sustained double-digit and profitable growth for the 2023 financial year.
In addition, the group does not rule out an external growth operation in the 2023 financial year in order to create the French leader in mobile solutions for outdoor missions but also in hostile environments.
About ARCHOS
ARCHOS, an expert in mobile solutions, has constantly revolutionized this market both in the consumer electronics sector and in B to B with its subsidiary Logic Instrument. The French brand was thus the first to offer Google Android tablets in 2009. Today, ARCHOS designs and democratizes products with high innovation value and in 2021 created a MedTech division, Medical Devices Venture, which will bring together several startups. With a head office in France, offices in Europe and Asia, ARCHOS is asserting itself as a key pan-European player, listed on the Euronext Growth Paris market, ISIN Code: FR0014007XT1. www.archos.com
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Full and original press release in PDF format:
https://www.actusnews.com/news/81343-archos_-resultats-s1-2023-de-logic-instrument.pdf
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