Brief: Vusiongroup Targets Revenue Of Eur 1 Billion In 2024

Vusion SA

27/03/2024 16:56

March 27 (Reuters) - Vusiongroup SA  VU.PA :
    * FY 2023 REVENUE OF EUR802M FOR ANNUAL GROWTH OF +29%
VERSUS 2022
    * EBITDA OF EUR 102M, +75% VERSUS YEAR-AGO; EBITDA MARGIN OF
12.8%, +3.4 POINTS COMPARED TO 2022
    * NET INCOME OF EUR 79.6M, +328% VERSUS PREVIOUS YEAR
    * SHARP IMPROVEMENT IN NET CASH (+EUR 67.7M)
    * A DIVIDEND OF EUR0.30 PER VUSIONGROUP SHARE
    * OUTLOOK: 2024 FULL-YEAR REVENUE TARGET OF EUR 1 BILLION
    * GROUP ENDED 2023 WITH A POSITIVE NET CASH POSITION OF
+EUR27.3M,
FOR AN IMPROVEMENT OF EUR67.7M COMPARED TO NET DEBT POSITION OF
-EUR 40.5M AT YEAR-END 2022
    * OUTLOOK: GLOBAL ORDER ENTRIES GREW +39% IN 2023 TO EUR950M
    * EXPECTS TO GENERATE ROBUST ORDER GROWTH DURING 2024
    * ALSO EXPECTS PROFITABILITY IMPROVEMENT TO CONTINUE, WITH
ADJUSTED EBITDA MARGIN1 GROWING BY 50 TO 100 BPS IN 2024 AND
CONTINUED POSITIVE CASH FLOW FOR YEAR
    * REMAINS CONFIDENT IN ITS ABILITY TO SECURE SUFFICIENT
FINANCING
THROUGH LIFE OF ITS VUSION '27 STRATEGIC PLAN

Source text for Eikon:  ID:nACT84771 
Further company coverage:  VU.PA 

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