H1 2023 results: €154 million in revenue and 21% in current EBITDA margin

Published on September 27, 2023 – News

Financial results at a good level

  • Revenues: +14% in the 1st half, with an acceleration in the second quarter (+19%)
  • Profitability: current EBITDA of €32 million, or 21% margin
  • Net income of +€26 million
  • Cash flow from operations of +€28 million

€139 million in order intake

  • Good performance in short-cycle activities, especially navigation systems
  • Commercial activity remains intense on ongoing tenders
  • A backlog of €614 million

Outlook confirmed

  • The group’s markets remain well oriented, both in Defence and Civil sectors
  • R&D efforts, through numerous projects, are maintained to renew our products and conquer new markets

2023 guidance confirmed: revenue growth >15%.