on STORE ELECTRONIC SYSTEMS (SES) (EPA:SESL)
VusionGroup Achieves Record Performance in First Half of 2024
VusionGroup reported historic sales numbers for the first half of 2024, driven by strong performance in the United States and notable successes in Europe. The group's revenue reached €408 million under IFRS and €430 million on an adjusted basis, marking a 13% increase from the previous year.
In Q2 alone, adjusted sales hit €252 million, up 14%. The first half of the year saw a record level of orders totaling €714 million, a 38% rise, highlighting robust demand in North America.
CEO Thierry Gadou emphasized the solid momentum in both the US and Europe, reinforcing the group's global leadership. The Walmart deployment, with an expected 500 stores on board by year's end, has been a significant growth driver.
Looking forward, VusionGroup maintains its outlook for full-year 2024, anticipating adjusted sales to surpass €1 billion, with continued robust growth projected for 2025.
R. P.
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