VusionGroup slides as decline in Europe dents Q3 sales

Vusion SA

29/10/2024 08:32

** Shares in French label maker VusionGroup  VU.PA  fall
8.2% after its Q3 sales were hit by a sharp decline in the EMEA
region, and despite a sales ramp up in the U.S.
    ** "Although growth accelerated compared with H1 (adjusted
sales up 13%), Q3 sales were well below our expectations,"
Portzamparc analyst Gaétan Calabro says in a research note
    ** The EMEA market, representing 44% of the group's revenue,
saw a temporary fall of 37% due to the completion of a roll-out
phase for a major European customer, Calabro adds
    ** Q3 adjusted sales for the whole group grew 22% from a
year earlier
    ** The shares are on track for their worst day since May 24
if the losses hold

 (Reporting by Alban Kacher)
 ((alban.kacher@thomsonreuters.com))