Balyo : Losses deepen in H1 and double bad news on order commitments for Linde MH
>EBIT sharply deteriorated in H1 - Balyo’s H1 results fell short of our estimates. For sales already published down 14% at € 8.3m, the gross margin fell 30% y-o-y, reflecting a gross margin rate of 35% (vs 43% in H1 2021 and vs 38% est.), which can be explained by a decline in volumes on the one hand and a more favourable product mix last year on the other.Growth in Opex (+32% y-o-y) is significantly stronger than we had anticipated and is due mainly to efforts 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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