Brief: Wallix Targets EUR 100 Mln In Turnover And Operating Margin Of 15% By 2025

Wallix SA

10/12/2021 09:39

Dec 10 (Reuters) - Wallix Group SA  ALLIX.PA :
    * WALLIX EMBARKS ON A NEW PHASE OF SELF-FINANCED GROWTH WITH
"UNICORN 2025," ITS 4-YEAR STRATEGIC PLAN
    * UNICORN 25 PLAN IS DESIGNED TO ENABLE WALLIX TO BRING ITS
TURNOVER TO EUR100 MILLION BY 2025, WITH A TARGET OPERATING
MARGIN ABOVE 15%
    * DIGITAL TRANSFORMATION AND INHERENT BOOM IN ACCESS
STEMMING FROM
NEW DIGITAL USES OFFER WALLIX PROSPECT OF PARTICULARLY BUOYANT
MARKET MOMENTUM, WITH PAM MARKET SET TO DOUBLE IN SIZE BY 2025
    * A PRIMARILY ORGANIC GROWTH TRAJECTORY BACKED UP BY EUR10
MILLION
IN SELF-FUNDED INVESTMENTS
    * EXTENDED ITS GEOGRAPHICAL FOOTPRINT UNDER ITS "AMBITION
21"
PLAN, INCREASING ITS OPERATIONS IN GERMANY AND OPENING OFFICES
IN SPAIN, ITALY, AND UNITED ARAB EMIRATES
    * WALLIX AIMS TO HAVE INCREASED ITS INTERNATIONAL TURNOVER
BY A
FACTOR OF 7.5 BY END OF UNICORN 25 PLAN
    * WALLIX ESTIMATES INVESTMENTS NECESSARY TO ACHIEVE ITS
ORGANIC
GROWTH OBJECTIVES AT AROUND EUR10 MILLION
    * THESE INVESTMENTS, OF WHICH 40 TO 50% SHOULD BE REALIZED
IN
2022, WILL BE SELF-FUNDED BY GROUP

Source text for Eikon:  ID:nACT72335 
Further company coverage:  ALLIX.PA 

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