Brief: SES-imagotag Eyes Profitability Growth In H2

Vusion SA

11/09/2023 16:54

Sept 11 (Reuters) - Ses Imagotag SA  SESL.PA :
    * POSITIVE FREE CASH FLOW OF EUR 35 MLN IN H1 2023
    * ONGOING PROFITABILITY GROWTH EXPECTED IN H2 2023
    * H1 NET INCOME EUR 91.5 MILLION
    * VARIABLE COST MARGIN TOTALED EUR 92.2M IN H1 2023
    * SES IMAGOTAG SA SAYS REVENUE IN EMEA REGION (EUROPE,
MIDDLE
EAST, AFRICA) REACHED EUR 318M, REPRESENTING STRONG GROWTH OF
+44% VERSUS H1 2022
    * FOR SECOND HALF OF 2023 ANTICIPATES REVENUE IN LINE WITH
ANNUAL
TARGET OF EUR 800M, WITH STRONG Q4 BOTH IN TERMS OF SALES AND
ORDER ENTRIES
    * FOR 2024, COMPANY ANTICIPATES ONGOING STRONG GROWTH,
DRIVEN IN
PARTICULAR BY ACCELERATION OF SALES IN U.S AND GROWING
PROFITABILITY
    * H1 OPERATING INCOME (EBIT) TOTALED EUR 22.7M IN H1 2023
VERSUS.
EUR 8.4M IN H1 2022 AN INCREASE OF +171%

Source text for Eikon: [ID: nACT81711]
Further company coverage:  SESL.PA 

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