Balyo : Encouraging publication
>€ 4.6m in new orders in Q2 2020 - After a Q1 down 35% (€ 3.7m), revenues were up sequentially with € 4.9m (€ 3.6m est.) in Q2, i.e. a 17% decline YoY, as a consequence of a weak order book at the end of March and the Balyo reported a decline in H1 revenues less sharp than we expected: down 29% YoY to € 8.7m (vs € 7.3m est.) Following the press release and a contact with the company, we would note the following:Postponement of several installation projects due t...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.
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.
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