ENENSYS Technologies Group, a global specialist in digital video broadcasting and advertising, publishes its turnover for 1uh semester 2022.
|Audit data € million||C1 2021||From 1 2022||Variation|
The turnover of ENENSYS Technologies in the first half of 2022 amounted to 5.4 million euros, which is 0.5 million euros less than in the previous financial year. This level of activity does not reflect the good commercial performance of the Group, embodied in a very good order book, which remains above €6 million as at 30 June 2022, a significant portion of which is due before the end of the reporting period. fiscal year. .
In fact, the Group had to delay deliveries of orders for the second half of the year originally placed in the first half, either at the request of its customers in the context of managing their projects or due to longer delivery times for certain products. components in a tense and inflationary logistical context.
As a result, the seasonal nature of business, traditionally favorable for the second half of the year, will be even more pronounced this year.
Distribution of turnover by geographical areas
The group confirms its good orientation in the EMEA zone, reaching a turnover of 2.7 million euros, slightly more than in the first half of the previous financial year. This performance has been particularly supported by the ongoing deployment of solutions in Italy and South Africa. The group also confirms its presence in this zone with orders received from more than 30 countries in this zone.
In France, activity dropped significantly by €0.6m due to the absence of a significant contract this year, but above all due to the delay in the delivery of €0.4m scheduled until the end of June, which was pushed back to the second semester.
In Asia, the Group demonstrates solid activity, having received orders in several countries in the region. In the United States, activity remained near stable but benefited from a solid order book, especially from US giant AT&T in the second half of the year.
The strong seasonality of activity this year will also be reflected in the level of operating profitability, the operating break-even point will logically not be reached in the first half of the year. On the other hand, the half-year net result will be positive. thanks to the exceptional income associated with capital transactions and withdrawal from collective production.
As at 30 June, the Group also had available and convenient cash of almost EUR 3.0 million.
The Group started the second half of the year with a strong order book of €6.2m as at 30 June 2022, including €5.4m due before the end of the financial year, up €2.7m euro (+77%). ) in the order book as of June 30, 2021.
Despite a challenging economic and geopolitical context that may favor a wait-and-see approach by some executives, the Group reaffirms the dynamism of its markets with technology investments that remain important in a highly competitive environment. The resumption of major international trade fairs after a two-year hiatus, such as NAB in the US in April or IBC in September in the Netherlands, also creates new opportunities.
The Group remains vigilant with its stocks of components and has already secured its current backlog. As such, the Group confirms its belief that its objective is to deliver profitable growth throughout the financial year.
Next meeting : 2022 H1 results release October 6, 2022 after market close.
About ENENSYS Technologies Group:
Specializing in digital video broadcasting and advertising, ENENSYS Technologies has been providing innovative solutions for networks and terminals in the media chain for more than fifteen years, ensuring the effective distribution of content. Having invested around 60 million euros in research and development over the past 10 years, the Group has a reputation as an excellent provider of solutions for optimizing, securing and monetizing video streams. The solutions are sold under two brands – ENENSYS and TestTree – and cover more than 1.2 billion viewers worldwide. In 2021, the Group’s revenue amounted to 12.5 million euros, of which almost 85% came from the international market.