SOLID HALF-YEAR RESULTS:
OPERATING INCOME: €1.6m (15.4% of MB) & NET INCOME GROUP SHARE: €0.9M (8.6% of MB)
EXPECTED SECOND HALF MORE DYNAMIC
During the first half of 2022, consolidated turnover fell slightly to €15m (-4.7%) and Gross Margin amounted to €10.3m, down €0.4m , impacting the operating result accordingly. This reached €1.6 million, at 15.6% of the Gross Margin.
In addition to the retraction of the Gross Margin, this result is mainly affected by an increase of €0.4 million (+6.7%) in salaries and related charges, due to recruitment linked to the strong growth of 2021 and the desire to accelerating investment in future growth.
As a result, the Net Income Group Share reached €0.9 million, at 8.6% of the Gross Margin, it includes an exceptional result of -€0.1 million and minority interests for -€0.2 million .
With a solid Cash Flow at €1.2m, gross cash remains at a high level, at €14m, down €1.8m. Indeed, during the first half, the Group:
● continued its debt reduction (-€1.2 million). At March 31, 2022, financial debt amounted to €3.4 million,
● bought back shares for €0.6 million,
● and paid price supplements linked to the 2021 performance of digital companies acquired in 2020, for an amount of €0.5 million.
Own net cash therefore remains very solid with a level of €4.2 million.