(AOF) – VusionGroup revealed 2023 results marked by improved profitability. The specialist in electronic labels and digital solutions for physical commerce recorded a 328% jump in its net profit to 79.6 million euros. At the same time, Ebitda increased by 75% to 102 million euros, a margin of 12.8%, an improvement of 3.4 points. Already published, restated turnover increased by 29.7% to 805.1 million euros.
The year 2023 ends for the group with a positive net cash position of 27.3 million euros, an improvement of 67.7 million euros compared to the net debt position of -40.5 million euros. euros at the end of 2022.
“2023 is also a pivotal year since we will propose at the next general meeting to pay shareholders a dividend of 0.30 euros per share. We are very happy to be able to inaugurate this practice and intend to perpetuate it over time” declared the CEO , Thierry Gadou.
With an order book at an all-time high, VusionGroup benefits from a high level of visibility and confidence in its objective of reaching the billion-euro turnover milestone in 2024. However, he specifies that this growth will be more concentrated in the second half due to the planned start-up during the second quarter of new production lines for the EdgeSense range for Walmart.
In detail, the group anticipates a turnover of around 175-180 million euros in the first quarter and 420-440 million euros in the first half, i.e. growth of 10-15%; then a record second half at 580-600 million euros, up 30% to 40%. VAS turnover (software, services and solutions other than electronic labels) is expected to be around 120-140 million euros.
Finally, the group also aims to continue improving its profitability with an adjusted EBITDA margin expected to grow by 50 to 100 basis points in 2024 and cash flow to remain positive.
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
