Brief: Munic FY Revenue Up At 19.3 Million Euros

Munic SA

24/01/2022 06:38

Jan 24 (Reuters) - MUNIC SA  ALMUN.PA :
    * ROBUST GROWTH IN 2021 REVENUE: +156%
    * IS CONTINUING EFFORTS TO EXTEND ITS PRODUCTS RANGE WITH
DEVELOPMENT OF THREE NEW DEVICES EXPECTED IN 2022
    * MUNIC IS CONFIDENT IN ITS ABILITY TO DELIVER ROBUST GROWTH
IN
2022
    * FY REVENUE EUR 19.3 MILLION VERSUS EUR 7.5 MILLION YEAR
AGO
    * ON DECEMBER 31, 2021, ORDER BACKLOG STOOD AT EUR 17.8M,
MORE
THAN 4.7X HIGHER THAN PREVIOUS YEAR
    * DESPITE STRONG GROWTH EXPECTED IN 2022 AND NEXT FEW YEARS,
DELAY
IN LARGE-SCALE LAUNCH OF EKKO COMPARED TO INITIAL SCHEDULE LEADS
COMPANY TO AIM FOR 2025 TO ACHIEVE THIS AMBITION
    * FURTHER OUT, MUNIC RETAINS ITS AIM TO REACH EUR 100M IN
SALES,
EUR 25M OF WHICH DRIVEN BY EKKO PLATFORM, GENERATING A GROSS
MARGIN OF MORE THAN 40%
    * DELAY IN LARGE-SCALE LAUNCH OF EKKO COMPARED TO INITIAL
SCHEDULE
LEADS COMPANY TO AIM FOR 2025 TO ACHIEVE THIS AMBITION

Source text for Eikon:  ID:nACT72866 
Further company coverage:  ALMUN.PA 

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