VusionGroup: sales accelerate in Q2
(CercleFinance.com) - VusionGroup shares stood out on Friday morning on the Paris stock exchange after reporting 'record' H1 sales, in particular thanks to strong growth in the US.
cp: +6.5%.
The specialist in electronic labeling for physical stores said it generated H1 sales that are up 13% at E430m on an adjusted basis, in line with its forecasts.
The former SES Imagotag targeted H1 sales of E420m to E440m.
Q2 sales came to E252m - again on an adjusted basis - representing growth of 14%.
Business accelerated in Q2, as expected, as did order intake, Euroland analysts said, who reiterated their buy recommendation and E190 target price for the stock.
In its press release, Vusion claims to have benefited from a record level of orders in H1, at E714m (+38%), driven by strong momentum in the US and several commercial successes in Europe.
The group thus renews its outlook for adjusted sales in excess of a E1bn threshold in 2024, accompanied by an improvement in profitability.
2024 will be a historic year in every respect, and we are already preparing for the acceleration of 2025, management emphasized.
The share price is now down 2.5% YTD.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
cp: +6.5%.
The specialist in electronic labeling for physical stores said it generated H1 sales that are up 13% at E430m on an adjusted basis, in line with its forecasts.
The former SES Imagotag targeted H1 sales of E420m to E440m.
Q2 sales came to E252m - again on an adjusted basis - representing growth of 14%.
Business accelerated in Q2, as expected, as did order intake, Euroland analysts said, who reiterated their buy recommendation and E190 target price for the stock.
In its press release, Vusion claims to have benefited from a record level of orders in H1, at E714m (+38%), driven by strong momentum in the US and several commercial successes in Europe.
The group thus renews its outlook for adjusted sales in excess of a E1bn threshold in 2024, accompanied by an improvement in profitability.
2024 will be a historic year in every respect, and we are already preparing for the acceleration of 2025, management emphasized.
The share price is now down 2.5% YTD.
Copyright (c) 2024 CercleFinance.com. All rights reserved.