Report
Aurelien Sivignon

Balyo : Resumption of coverage with a Buy recommendation following a private visit – target price € 4.8

>Feedback from the private visit and the forum - As part of our resumption of coverage of Balyo, we met CEO Fabien Bardinet and CFO Stanislas Piot during a private visit and at the Oddo BHF Forum last week. Balyo is a French company that designs and develops a robotics solution that can be adapted for standard lift trucks (automated guided vehicles, AGVs). This disruptive innovation, based on geo-navigation, overcomes one of the major obstacles to traditional AGV...
Underlying
Balyo SA

Balyo SA is a France-based company that designs robotic navigation solutions which are installed into forklifts and allow them to automatically transport pallets. The Company's apparatus is equipped with the guidance technology called Geoguidage. The Geoguidage system is installed in a module which is attached to the forklift, and allows the vehicle to calculate its position and memorize the layout of the warehouse. Its equipment allows detection of pallets, containers and dollies; stacking pallets; read barcode; towing loads; interactions with conveyors and doors, etc; scalable setting and automatic modes, among others. The Company's products are used in logistics and in industry.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Aurelien Sivignon

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