(Finance) – Antares Vision provided the data relating to consolidated revenues for the first halfwhich highlight a growth of 13.1% (+ 9.5% at the organic level) reaching a 85.4 million euros.
As regards the evolution on a geographical basis, the greatest contribution is provided by Americas (+ 69.3% to 19.5 million), carried over by the United States. Europe registers a recovery driven by the eastern part (+ 11.6% to 29.5 million), after the decline recorded last year due to a sharp reduction in sales in Eastern Europe. Revenues realized in the half year towards Russia (Eastern Europe) amounted to 3.4 million, corresponding to approximately 4% of the total.
In the first half of 2022, there was a increase in orders by 31% to 145 million (+ 28% on a like-for-like basis of consolidation), driven by America, North and Western Europe, Italy and the Middle East.
“The Group is facing with determination the climate of macroeconomic and geopolitical uncertainty that has arisen: lack of electronic components, inflation, logistical difficulties, volatile exchange rates and an increase in interest rates have suddenly changed the references to which it was used to Therefore, in order to give maximum visibility, we have decided to provide more detailed guidance for the year 2022 and present the Group’s business plan by the end of the year “, he said. Emidio ZorzellaPresident and Co-CEO of Antares Vision Group.
They are expected for the year 2022 consolidated revenues between 223-230 million and an EBITDA between 45-50 million. Revenues in 2022, net of the favorable exchange rate dynamics, are in an organic growth range of 14-18%, or rather in the upper part of the guidance provided in March 2022 (12-18%).
Massimo BonardiCo-CEO of Antares Vision Group, explained that “in order to contain inflation as much as possible, which turned out to be much more severe than initially expected, the Group has activated cost reduction actions, the search for new and alternative sources of supply and completed the re-engineering of some products, in order to reduce the quantity of components. In addition, to cope with the shortage of components and to ensure the delivery of orders to customers by the end of the year, the Group has started a careful planning of production and the procurement of what is needed was anticipated, with an increase in inventory by 12 million, equal to a growth of over 30% compared to December 2021 “.