Friday, September 30, 2022
H1 2022 results:
Deteriorated results in a context of strong investment and a difficult economic climate.
Turnover: 51,303 K€
Operating profit: -1,126 K€
Net income: -€83k
Net income Group share: – €81k
In K€ | 06/30/2022 | 06/30/2021 | Variation |
Group turnover | 51,303 | 51,276 | +0.05% |
Group operating profit | -1,126 | 2,984 | – 137.73% |
|
Operating margin |
– 2.19% |
5.82% | |
Net profit | – 83 | 2,340 | – 103.54% |
Net income Group share | – 81 | 2,271 | -103.56% |
|
Net margin |
– 0.16% |
4.43% |
Turnover
As announced in its press release of July 22, 2022, the Group experienced stability in its activity during the first half of 2022 in a context still affected by the electronic components crisis.
Operating income
The Group’s operating profit is -€1,126,000, representing an operating margin rate of -2.19%.
This result is mainly impacted by:
the drop in the gross margin rate (45.22% versus 49.18% during the first half of 2021) which results not only from the strong variation in the average exchange rate
EUR/USD (-7.56% compared to the rate for the first half of 2021) but also the increase in approach costs due to the shortage of components.
the significant development costs linked to the creation of the ETK middleware and the Group’s 360 digital solution for connection to customer ERPs.
Net profit
The net result amounts to -€83k.
The financial result is +€1,210K (€454K over the same period in 2021), and is also mainly impacted by the evolution of the foreign exchange market and the strong variation of the US dollar at the closing date.
The tax charge amounts to €167,000.
Treasury
Cash has deteriorated over the period and the Group has net debt as of June 30, 2022 of €7.9 million compared to positive net cash of €3.7 million as of December 31, 2022.
This cyclical deterioration is mainly linked to a large volume of stored purchases due to difficulties in the supply chain.
Outlook
Since the beginning of the financial year, the AURES group has applied itself to strengthening and securing its supply chain. All of these changes will be effective before the end of 2022 and two new POS products will be marketed.
The Group’s 360 digital solution should be marketable in the first half of 2023.
The Group aims to maintain the level of turnover in 2022 at the same level as in 2021.
The Board of Directors, meeting on September 30, 2022, reviewed the condensed half-year consolidated financial statements.
The limited review procedures of the statutory auditors on the consolidated financial statements are being finalized.
Next release
Announcement of the turnover of 3
th
quarter 2022: October 27, 2022 after market close.
About AURES
Founded in 1989 and listed on Euronext since 1999, AURES is an IT manufacturer of digital hardware and application solutions for all point-of-sale sectors.
The AURES Group has a worldwide presence, with headquarters in France, subsidiaries in the United Kingdom, Germany, Australia and the USA (AURES Technologies Inc and Retail Technology Group – RTG*), in Tunisia (LST**) as well than a network of partners, distributors and resellers established in more than 60 other countries.
*The American company Retail Technology Group Inc (RTG) is a major player on the other side of the Atlantic in IT services and POS (hardware & software) maintenance.
** The Tunisian company LST (Leader Solution Tactile) is the Group’s development unit in terms of middleware and digital applications.
ISIN code: FR 0013183589
Financial information: Sabine De Vuyst
www.aures.com
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Regulated information:
Inside information:
– Press release on accounts, results
Full and original press release in PDF format:
https://www.actusnews.com/news/76508-20220930-annonce-resultats-s1-2022.pdf
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