Balyo : Low level of activity in Q1
>Q1 sales down 35% to € 3.7m (vs € 4.9m est.) - Balyo’s Q1 sales came in below our estimates: -35% y-o-y at € 3.7m (vs € 4.9m est.), i.e. a level of activity that in the end was close to the previous quarter. Based on the press release and following a contact with the company, our takeaways are as follows: Besides the impact of COVID-19 on activity in March (around € 0.5m), Q1 was penalised by the weak order intake at the end of last year. In the first quarter, ...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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