Balyo : Q3 2023 in line – Offer still under way
>Q3 2023 contained no surprises - Balyo’s Q3 2023 sales were in line with our expectations at € 5m (vs € 4.8m est.), i.e. +15% y-o-y but reflecting a sequential decline (€ 7.6m in Q2 and € 7.3m in Q1). Note that Linde MH orders were mainly concentrated on the H1 this year. The total order intake in Q3 was stable at around € 6m, but the order book was down 12% y-o-y at € 11.7m. In detail, the direct order intake represented just 27% of the total over the first nine mo...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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