Brief: Ateme Full Year Revenues Up At Eur 81.1 Million

Ateme SA

27/01/2022 17:33

Jan 27 (Reuters) - Ateme SA  ATEME.PA :
    * FULL YEAR REVENUES UP 15%, 2% LIKE-FOR LIKE
    * MONTHLY RECURRING REVENUE UP 30% IN LAST 12 MONTHS;
ENTERING
2022 WITH 23,5MEUR IN ANNUAL RECURING REVENUES
    * FY 2022 AND MID-TERM FINANCIAL OBJECTIVES CONFIRMED
    * TOTAL REVENUES FOR YEAR TO DECEMBER 31, 2021 STOOD AT
EUR81.1
MILLION, UP 15% VERSUS 2020 AND BY 2% ON A LIKE-FOR-LIKE BASIS.
    * ATEME IS STARTING YEAR WITH OVER 23.5 MILLION EUROS IN
RECURRING
REVENUES, STRONGLY IMPROVING QUALITY AND VISIBILITY OF OUR
TOPLINE
    * LOOKING AHEAD, INTEGRATION OF ANEVIA IS NOW 100% COMPLETE
WITH
SYNERGIES SET TO MATERIALIZE IN 2022
    * PRODUCT MIX IN SECOND HALF BEING SIMILAR THAT OF FIRST
HALF,
GROSS MARGIN IS EXPECTED IN RANGE OF 60% VERSUS 55% IN 2020.
    * SALES GROWTH TARGET OF 10% TO 15% AND EBITDA TARGET OF 5
TO 10
MILLION EUROS ARE CONFIRMED FOR PERIOD 2022 - 2023
    * IMPROVEMENT CONTINUES TO BE REINVESTED IN THE DEVELOPMENT
OF THE
BUSINESS, NOTABLY THROUGH RESEARCH AND DEVELOPMENT, WITH A
GLOBAL HEAD COUNT (IN TERMS OF FTE) UP FROM 445 TO 486;
CONSEQUENTLY, EBITDA IS EXPECTED AROUND BREAKEVEN

Source text for Eikon:  ID:nACT72950 
Further company coverage:  ATEME.PA 

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