Antares Vision, 2022 profit of 18.2 million. Expected improvement in margins in 2023

Antares Vision acquires 30 of the Spanish PYGSA with a

(Tiper Stock Exchange) – Antares Visiona company listed on Euronext STAR Milan and active in the sector of quality control and product traceability, closed the 2022 with revenues equal to 223.5 million euro, an increase of 24.9% compared to the same period of the previous year and in line with the guidance provided to the financial community. Excluding the activities acquired in 2022 from the consolidation, the turnover is equal to 214 million, recording a growth of 19.5%.

L’EBITDA stood at 40.6 million, compared to 43.5 million recorded in 2021 (-6.6%), with an incidence on turnover of 18.2% (24.3% in 2021). The Net income is 18.2 million (+46.8% YoY). The Adjusted net result is 21.3 million euros, against the value of 27.5 million in 2021.

There Net financial position is negative by 74.3 million compared to the negative value of 27.5 million as at 31 December 2021. The Net financial position adjusted is negative for €65.4 million against a debt of 20 million at December 31, 2021.

The Backlogs total, at the beginning of 2023, is equal to 408 million, up by 29% compared to the same period last year; there coverage of the backlog for the whole of 2023 is equal to about 60-63% of the expected turnover.

“2022 was a year of growth in terms of results, enhancement of the offer of solutions, brand awareness and expansion of the perimeterthanks to a new internal organization and a unique and distinctive positioning of its integrated and scalable ecosystem of technologies”, commented Emidio Zorzella, President and Co-CEO.

“The excellent result in terms of turnover confirms our great delivery capacity: in 2H 2022 we generated revenues of approximately 140 million (of which approximately €90 million realized in 4Q 2022), with a growth of more than 60% compared to 1H22 and more than 34% compared to 2H21 – he added – For the 2023 There let’s wait consolidated revenues in double-digit growth, accompanied by an improvement in margins and a reduction in the level of debt”.

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