BALYO Announces Its Sales for 2022 at €24.1 million, an Increase of +11% and Q4 Growth in Order Intake of +108% to €10.6 Million vs. Q4 2021

Regulatory News:

BALYO (FR0013258399, Ticker: BALYO, PEA-PME eligible) (Paris:BALYO), a technology leader in the design and development of innovative robotic solutions for industrial forklifts, today announces its sales for the year ended December 31, 2022.

Pascal Rialland, Chairman and CEO of BALYO, says: "BALYO has announced its best quarterly revenues and order intake performance. The year 2022 is a turning point for BALYO, marked by the continued shift of its business model to direct sales. Initiated in early 2021 to ensure BALYO's commercial and operational autonomy from 2024, the transition of BALYO's business model has continued in line with our expectations with a near threefold increase in direct sales between 2021 and 2022. The end of the year was also marked by a strong commercial momentum, with the signing of new projects with leading industrial companies, both in Europe and in the United States. Finally, I would like to pay tribute to the commitment and dedication of BALYO's operational teams, who have succeeded in catching up with the delay linked to the supply issues in a persisting uncertain environment. In 2023, BALYO intends to maintain the direct sales momentum recorded in Q4 2022 and for the first time, most orders taken this year will be direct sales orders, with the objective of a global direct sales order volume of 65% of the total, which will also grow vs 2022. We are therefore engaging in 2023 with confidence and determination to roll-out our unique high-bay driverless forklifts to warehouse and manufacturing site operators.”

In thousands of euros	Q4 2021	Q4 2022	2021	2022	Change Q4-22/Q4-21	Change 2022/2021
EMEA Region	5,550	8,016	19,607	19,133	+44%	-2%
Americas Region	784	3,386	1,987	4,581	+332%	+131%
APAC Region	49