October 31, 2022.
CYBERGUN, a world player in recreational shooting, announces its half-year results (period from 1
er
January to June 30, 2022) approved today by the Board of Directors.
IFRS standards – In KEUR | H1 2021 | H1 2022 | Variation |
|
Turnover |
14,354 |
22,572 |
+8 218 |
|
current operating income |
224 |
1,078 |
+853 |
Other operating income and expenses | (827) | (1,313) | (486) |
|
Operating income |
(603) |
(236) |
+367 |
Net financial result | (1,944) | 1,318 | +3,263 |
Taxes | (13) | (161) | (148) |
Net income for the period | (2,560) | 922 | +3,482 |
|
Net income, group share |
(2,608) |
733 |
+3,341 |
On this occasion, Hugo BRUGIÈRE, CEO of CYBERGUN, declared: “
Our half-year results demonstrate, after the return to equilibrium of our current operating income in 2021, our ability to maintain this momentum and to ramp up. This performance is all the more remarkable given that the 1
er
semester is traditionally the least contributory for activities in the Military field. This confirms the relevance of our choices, with now a profitable and sustainable Civil pole next to the Military pole which is growing and structured around ARKANIA and before the integration of VERNEY-CARRON.
Meanwhile, HBR INVESTMENT GROUP, which remains the reference shareholder for the long term, reaffirmed its unwavering support via a current account contribution in order to finance the transformation of the Military division while remaining faithful to the Group’s commitment not to put in place new dilutive financing at the level of CYBERGUN. »
57% REVENUE GROWTH
The CYBERGUN Group achieved a consolidated turnover of 22.6 MEUR on 1
er
half of 2022, up 57% compared to the first
er
half of 2021. The Civil division generated 14.7 MEUR over the first 6 months of the year, up at constant scope by around 9%.
At the same time, the Military division saw its turnover increase from 1.0 MEUR to 1
er
half of 2021 at 7.9 MEUR on the 1
er
half of 2022 thanks to the integration of VALANTUR into ARKANIA on December 31, 2021. Note that the Military division does not yet include the activity of VERNEY-CARRON.
CURRENT OPERATING PROFIT MULTIPLIED BY 5
After returning to positive current operating income in 2021, for the first time since 2014, the CYBERGUN Group once again managed to generate positive current operating income in the 1
er
half of 2022. At 1.1 MEUR, it was even multiplied by 5 compared to its level of 1
er
semester 2021.
The Civil division, which is benefiting from the first effects of the global agreement entered into with EVIKE in the United States (relaunch of the “chain stores” activity) and in Europe (launch of the
evike-europe.com
), generated a result of EUR 1.0 million. The Military division, whose development cycles are longer and activity traditionally higher in the second half of the year, nevertheless breaks even as of June 30, 2022.
POSITIVE NET INCOME FOR THE FIRST TIME SINCE 1
RE
SEMESTER 2013
The half-year net result shows a profit of 0.7 MEUR at the end of June 2022. It includes 1.3 MEUR of non-current operating expenses, mainly related to the operational reorganization of the Group and to changes in scope, offset by a financial result of 1. 3 MEUR related to the change in the value of items on the balance sheet following currency fluctuations (without impact on cash).
NO DILUTIVE TRANSACTIONS DURING THE SEMESTER
As announced, CYBERGUN has waived any capital operation that could have a dilutive effect on shareholders. The Group has thus self-financed all of its operational activities and its investments with the support of its reference shareholder, HBR Investment Group, which contributed 1.5 MEUR as of June 30 (more than 2.5 MEUR to date) current account to support the Group in the short term.
During the 1
er
half of 2022, CYBERGUN thus strengthened the value of its inventories (22.3 MEUR including 17.1 MEUR for the Civil division and 5.2 MEUR of production in progress for the Military division), supported its partner EVIKE, whose receivables in recovery costs amounted to nearly 3 MEUR, and provided 1.5 MEUR in current account to VERNEY-CARRON to initiate its turnaround plan.
Despite these heavy investments, CYBERGUN had cash of 2.5 MEUR as of June 30, 2022 for 33.7 MEUR of equity and non-current financial debt of 4.5 MEUR
[1]
linked to the EMPs carried out by the Military pole. As a reminder, CYBERGUN’s Civil division was fully deleveraged in 2021 thanks to the end of the trust that allowed the repayment of bondholders.
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About CYBERGUN:
Founded in 1986, CYBERGUN is a world expert in the design, production and distribution of ball gun replicas under exclusive licenses, both in B2B thanks to its global network and in B2C with in particular the site
evike-europe.com
. Historically positioned in the Civil and recreational segment (Airsoft, Airgun, recreational shooting), the Group has developed, since 2014, a Military division dedicated to training the armed forces and police. During the 2021 financial year, CYBERGUN achieved a turnover of 33 MEUR.
Qualified as an “Innovative Company” by Bpifrance, CYBERGUN is listed on Euronext Growth in Paris (FR0013204351 – ALCYB) and its securities are eligible for FCPI, PEA and PEA-PME.
contacts
:
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Listing Sponsor: Rodolphe OSSOLA on +33 1 56 69 61 86
[1]
Excluding rental debts for 4.3 MEUR
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