(Sponsored) Hybrid Software Group - H1 2023 - Mixed H1 results after a strong Q1
Sales came in at EUR 24.9m (+6.3% YoY). However, the EBITDA has taken a hit in H1 and lands at EUR 3.7m (-19.7% YoY) representing a 14.9% margin (vs. 19.7% in H1 2022). Comparing those figures to their Q1 2023 results (sales at EUR 14m and EBITDA at EUR 3.3m), it seems that there was a material slowdown in activity in Q2.The CEO states that a key reason for this slowdown is the higher cost for paper, ink, and electricity which affect printing companies. Simultaneously, the higher interest rates also slow down the client's capital investments.Management remains confident on FYGlobal Graphics is a French-based holding company. Co. provides open documents and print solutions and provides high-performance software components to the commercial and digital print markets and for electronic document software applications. Co. is active in four principal market segments: Graphic arts and commercial print; Office printing; Software applications; and End-user products for electronic document creation and manipulation. Co. operates in four geographical areas: Continental Europe (including France), the U.K., North America (U.S.A. and Canada) and Asia (notably Japan). Co.'s customers include OEMs, system integrators, software developers and resellers.
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