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 - Seite 2

134

189

425

+173%

+125%

Sales revenue*

6,383

11,536

21,771

24,138

+81%

+11%

* Unaudited data

2022 Fourth Quarter Activity and Revenue

BALYO recorded revenues of €11.5 million in Q4 2022, a very strong increase (+81%) compared to Q4 2021, bringing the revenue in 2022 to €24.1 million (+11%).
During the last quarter of 2022, BALYO benefited from the favorable seasonal effect of revenue from the framework contract with Linde and from a catch-up effect compared to previous quarters. In addition, the dynamism observed in the United States was confirmed, with a very strong increase in activity in this geographical area during the past quarter (+332% vs. Q4 2021).

The fourth quarter of 2022 was characterized by a strong rebound in sales momentum, with a significant increase in order intake to €10.6 million (+108%). For the first time in BALYO’s history, the share of direct orders in this quarter was higher than the historical indirect channel.
In 2022, direct orders accounted for 37% of new orders booked, compared to 17% in 2021. This new breakdown of the activity thus confirms the successful transition by BALYO to build its commercial and operational independence.

In total, the backlog stands at €12.7 million as of December 31, 2022, compared with €9.6 million a year earlier, an upturn of +33%. Regarding the breakdown by geography, the backlog in the Americas region experienced a significant growth (+86%) to €5.8 million.

Reminder of the signing of a framework contract for an order commitment from Linde for €11.5 million in 2023

At the end of September 2022, BALYO negotiated a final framework contract with Linde Material Handling for an order commitment amounting to €11.5 million for 2023. The collaboration between the two partners will continue after this date, but without any firm annual orders decided at the beginning of the year.

Strategy and outlook

The context linked to the lengthening of lead times for the supply of some components is gradually being normalized and should no longer affect the Company's growth.
In 2023, BALYO will accelerate the implementation of its new business model based on commercial and operational independence. The Company will rely on a sales pipeline that is constantly growing, both in quality and value, mainly in the United States where BALYO is experiencing its most dynamic growth and where the Company will continue to invest in its teams.