BALYO Announces Its Sales for the 3rd Quarter of 2023, at €5.0 Million

Regulatory News:

BALYO (FR0013258399, Ticker: BALYO) (Paris:BALYO), technology leader in the design and development of innovative robotic solutions for industrial trucks, today announces its sales for the 3^rd quarter of 2023.

Pascal Rialland, CEO of BALYO, said: “Third-quarter sales are up 15% compared with third quarter 2022, mainly driven by a strong inbound in business in the United States. Order intake was stable compared with Q3 2022, nonetheless, the level of direct sales remains below our forecasts. From now until the end of the year, we will be concentrating our efforts on maintaining this sales momentum and rigorously managing our cost base to preserve our cash flow".

In thousands of euros	Q3 2022	Q3 2023	9M 2022	9M 2023	Change Q3-23/Q3-22	Change 9M-23/9M-22
EMEA region	3,874	3,154	11,117	13,954	-19%	+26%
Americas region	348	1,790	1,194	5,049	+415%	+323%
APAC region	92	14	291	825	-84%	+184%
Sales revenue reported*	4,314	4,959	12,603	19,829	+15%	+57%

*Unaudited data

Q3 2023 activity

BALYO recorded sales of €5.0 million during the 3^rd quarter of 2023, up 15% compared to the 3^rd quarter of 2022. Sales generated over the first nine months of the year amounted to €19.8 million, an increase by 57% compared to the corresponding period in 2022.

After the integration of €6.1 million in orders for the 3^rd quarter of 2023, the order backlog stands at €11.7 million at September 30, 2023, down 12% compared with September 30, 2022.