BALYO Reports Third-quarter 2021 Revenue of €5.8 Million and Strong Growth in Order Intake

Regulatory News:

BALYO (FR0013258399, Ticker: BALYO, eligible for PEA-PME savings schemes), a technological leader in the design and development of innovative robotic solutions for material handling trucks, is today announcing its sales for the first nine months of 2021.

Pascal Rialland, CEO and Chairman of BALYO, commented: “BALYO’s dynamic growth continued into the past quarter, as reflected by the strength of the order intake, especially in the United States, which will help to power our future growth. Direct sales played a key role in this impressive sales performance. Our effective product positioning—especially in reach truck and VNA robots with performance levels unmatched in the market—contributed to this acceleration. As a result, the recent fundraising of €6.1 million provides the Company with the necessary means to accelerate the sales momentum while meeting the growing demand from international customers seeking to raise their logistics performance”.

In thousands of euros

Q3 2020

Q3 2021

9M 2020

9M 2021

Change Q3 2021/Q3 2020

Change 9M 2021/9M 2020

EMEA region

5,115

5,393

12,442

14,057

+5%

+13%

Americas region