Balyo : Nothing new as regards the reopening or not of the tender offer initiated by SoftBank. Cash visibility remains a concern, unsurprisingly
>Full-year sales up 10% despite a strong fall in Q4. Cash runway until April 2024 - Yesterday evening Balyo reported its full-year sales which showed growth of 10% y-o-y to € 26.7m (vs € 24.3m est.). However, Q4 posted a fall of 41% to € 6.8m given that the order commitments from Linde MH were mostly concentrated in H1 in 2023 unlike in the previous year. The order intake grew by 68% in Q4 to € 17.8m thanks notably to an order for around $ 8m secured in the US. The or...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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