BALYO Announces Sales for the 1St Half of 2023, up +79% to €14.9m

Regulatory News:

BALYO (FR0013258399, Mnemonic: BALYO, PEA-PME eligible), (Paris:BALYO) technology leader in the design and development of innovative robotic solutions for industrial trucks, announces its sales for the 1^st half of 2023.

Pascal Rialland, Chairman and CEO of BALYO, comments: "The first half of 2023 was marked by strong growth in our sales, up 79% to €14.9 million. Our business is growing in all our markets. However, even if order intake for the past six months was up +31% on the previous year, direct sales did not reach the expected level in part because of client delays. As a result, Balyo will need to request an extraordinary drawdown under the interim financing agreement with Softbank in order for the Company to meet ongoing operating expenses. Finally, SoftBank Group's proposed takeover bid for Balyo shares marked the end of the first half of 2023. We believe this combination provides a secure platform to meet our short term financial obligations alongside a unique opportunity to drive long-term growth.".

In thousands of euros	Q1 2022	Q2 2022	H1 2022	Q1 2023	Q2 2023	H1 2023	Change Q2 23/ Q2 22	Change H1 23/ H1 22
EMEA Region	3,380	3,863	7,243	5,736	5,064	10,800	+31%	+49%
Region Americas	382	465	847	1,388	1,871	3,259	+302%	+285%
APAC Region	111	88	199	104	707	811