VusionGroup: Quarterly growth and outlook confirmed

VusionGroup, a major player in the digitalization of commerce, has announced a turnover of €207 million according to IFRS standards for the third quarter of 2024, and €223 million in adjusted data. This represents an increase of 22% compared to the previous year. Over the first nine months, the figure reached €616 million under IFRS standards and €654 million adjusted, marking a growth of 16%.

This increase is notably due to strong momentum in the United States and record orders of €1,156 million over the same period. The North American market becomes the leading one for VusionGroup, driving growth thanks to key contracts, notably with Walmart.

Recurring services grew by 31% to €41 million, representing a significant share of total revenue. Despite a difficult economic environment, the company is targeting adjusted revenue of €1 billion by 2024, with improved profitability.