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Balyo: 17/04/2019 – BALYO announced its sale for the first quarter of 2019 to + 36% and 27% after processing



BALYO announces its turnover of 1ul quarter 2019 to + 36% and 27% after repetition1

4.3m euros in bookings during the quarter

Order book2 to 18.1 million euros on March 31, 2019

Ivry-sur-Seine,France, April 17, 2019, 18:00 – Balyo (FR0013258399, Mnemonic: BALYO, similar to PEA-PME), a technology leader in the design and development of innovative robotic solutions for industrial trucks, today announces its turnover of 1ul quarter of 2019.

Fabien Bardine, Chairman and Chief Executive Officer, declares: "We registered 1ul quarter 2019 turnover, before collection of IFRS 2, a significant increase of + 36% compared to 1ul quarter of 2018. However, this efficiency has been mitigated by considerably less new orders than was originally expected due to lagging over the period. Given the commitment of our teams and the added value of BALYO solutions, we are confident in our ability to achieve our goals. "

In thousands of euros

Q1 2018

Q1 2019

evolution

EMEA region

3.750

4,573

22%

American region

132

970

635%

APAC region

656

624

-5%

Turnover

4,538

6,168

36%

IFRS2 BSA charge

0

420

Promoted Release *

4,538

5,747

27%

* Unaudited data

Activity since 1ul quarter 2019

BALYO's growing activities continued from the beginning of the year by recording a turnover of 6.2 million euros on behalf of 1ul quarter from 2019, an increase of + 36% compared to the same period of 2018.

The ability to conduct stock orders issued on February 22 depends on the payment of future orders. According to IFRSs, BALYO must recognize the fee (IFRS2) simultaneously with the recognition of revenue generated by

1taking into account the borrowing of IFRS 2 related to the allocation of BSA.

2The Order Book refers to all orders received from the project but have not yet been delivered. The Order Book is developed quarterly after the inclusion of new orders, the turnover of projects during the period and the cancellation of orders.

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BSA user. Recognition of this fee does not lead to payment in cash.

At 1ul fourth quarter of 2019, BALYO is charged a 420 K € charge at the same time as the turnover with the user of orders, which led to the publication of a corrected turnover of EUR 5.7 million, an increase of 27% compared to the previous year.

18.100.000 € target book

After taking into account new orders for 4.3 million euros to 1ul the fourth quarter of 2019, the backlog of March 31, 2019 was 18.1 million euros, compared with 20.1 million euros as of 31 December 2018 and 19.1 million euros a year ago.

This reduction in the order book is a consequence of postponed orders initially expected at 1ul quarter of this year and should be recorded in the coming months.

Strategy and perspectives

By boosting and training the new teams in 2018, BALYO continues to increase deployment capabilities, while maintaining investment research and development efforts, especially in perception and traffic management, innovative solutions to offer high ROI to its customers.

In this context, the company again confirms its target of 200m euros in revenue in 2022 and a significant reduction in operational losses this year.

Next financial publication: turnover for Q2 2019, July 17, 2019 after closing the stock market.

FOR BALIOS

Balyo transforms hand held forklifts into autonomous robots thanks to its own Driven by Balyo ™ technology. The geo-navigation system developed by Balyo allows equipped vehicles to locate and move in full autonomy inside the buildings. In the robot handling market, Balyo concluded two strategic agreements with Kion Group AG (parent company Linde Material Handling) and Hyster-Yale Group, two major players in the field of handling. At present, in the three main regions of the world (America, Europe and Asia-Pacific), Baoj has made a turnover of 23.3m euros in 2018. For more information, visit www.balyo.com.

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CONTACT

Balyo

NewCap

Stanislas Piot

Financial Communication and Relationships

Financial director

investors

[email protected]

Thomas Grojean / Louis-Victor Delouvrier

Tel. : +33 1 44 71 98 53

[email protected]

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The company Balyo SA post this content to April 17, 2019, and is solely responsible for the information contained therein.
The content was distributed by the public, unaware and unauthorized, toApril 17, 2019 16:19:01 UTC.


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