(Boursier.com) — In accordance with expectations, in the fourth quarter of the year, the restated quarterly turnover of ViewGroup reached the highest level in its history, i.e. 241.9 ME, +58% compared to Q4 2022.
This growth was driven by a solid order book, particularly in the United States.
The second half also reached a historic high of €424 million, up +27%.
For the year 2023, turnover increased by +29.7% and amounted to €805.1 million.
Thanks to strong momentum in the 4th quarter, order intake amounted to €950 million over the 12 months of 2023, an increase of +39% compared to 2022, which reinforces the growth prospects for the year 2024.
Objectives displayed
With a high order book, VusionGroup is confident in the continuation of strong growth momentum and aims to cross the billion-euro turnover milestone in 2024. Growth will be mainly driven from the 2nd quarter by the acceleration in the United States of deliveries to Walmart with the commissioning of new production lines in Mexico.
The strong momentum in recurring VAS revenues is also expected to continue. Profitability should also continue to improve. At the start of 2024, the group remains confident in its Vusion-27 trajectory.
Portzamparc remains a buy on the file, targeting a price of 187.5 euros. The stock climbs 5% this Thursday to 133 euros.
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