(Boursier.com) — NSE Industries recorded a sharp increase in its consolidated revenue during the 1st half of 2023, to reach 35.3 million euros (+11%), thanks to the continuation of the growth dynamic initiated by its recovery plan in the second half of 2022.
The first part of the financial year was marked by a solid increase in the activity of the Services BU (€20.9 million, up +26%), which benefits from the current dynamism of the Defense sector and existing contracts for the Army. The integration BU is back to growth. Overall, the Group continues to benefit from the diversity of the regions and sectors addressed to increase its presence in its target markets with new customer wins.
In the second half of the year, NSE Industries intends to continue its growth dynamic thanks to the ramp-up of its multi-year contracts and the contribution of order carry-overs to the BUIs and BUCs observed in this first half.
“This increase in activity, combined with the continuation of actions aimed at improving the Group’s competitiveness and strict control of operating expenses, will make it possible to increase Ebitda and net income in the half-year and over the year”, indicates RSE management.
Outlook
NSE Industries has strong growth prospects for the whole of the 2023 financial year thanks to the ramp-up of major contracts and the postponement of orders. In addition, NSE will benefit from the winning of new contracts during this first half, demonstrating the continued appeal of its know-how and solutions in terms of high value-added electronic and IT products.
NSE France won many orders during this semester:
– The Services BU recorded €16.9 million in new orders.
– The Integration BU recorded €9.2 million in new orders.
– The Design BU recorded 1.6 ME of new orders.
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