Vusion Group up 14% on guidance confirmation, sales beat

Vusion SA

Yesterday 08:53

** Shares in Vusion Group VU.PA jump around 14% to their highest price in almost three months after it reiterated annual financial targets and reported Q3 sales beat
** The electronic equipment maker said its quarterly sales reached €445 million ($499 million), while order intake stood at €462 million
** "Most importantly, the company reiterated its 2026 guidance... as well as reiterated targeting around €1 billion order intakes in second half of the year", Stifel says in a note
** The analysts add the order intake confirmation suggests at least flat revenue and bode well for earnings growth next year 
** Up to the previous session's close, shares were down 40.8%​ YTD

($1 = 0.8911 euros)

 (Reporting by Mateusz Rabiega)
 ((Mateusz.rabiega@thomsonreuters.com))