2CRSi SA: First half-year 2022/23 consolidated revenue: €95.7m
The revenue posted by 2CRSi in the first half of 2022/23 is perfectly aligned with our expectations, commented Alain Wilmouth, co-founder and Chairman of 2CRSi.
2CRSi SA 2CRSi SA: First half-year 2022/23 consolidated revenue: €95.7m Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
First half-year 2022/23 consolidated revenue: €95.7m
On target to achieve the annual revenue objective: €200m
Strasbourg (France), 20 October 2022 – 2CRSi (EPA: 2CRSI, ISIN: FR0013341781), a designer and manufacturer of high-performance energy-efficient IT solutions, is presenting its revenue for the first half-year of 2022/23 (1 March 2022 to 31 August 2022).
Activity in the first half-year of 2022/23
Note: unaudited data
Over the first six months of the 2022/23 financial year, 2CRSi posted revenue of €95.7m, up 6.1% – a good commercial performance against an electronic component shortage backdrop, impacting business execution. It is also partially masked by the impact of the orders of the Group’s first customer (with recognized revenue of €11m concentrated on the H1 2021/22, versus less than €5m over the same period 2022/23).
Continued diversification of the customer portfolio Alongside revenue growth, the 2CRSi Group is continuing to diversify its customer portfolio:
Lastly, another noteworthy point was that 85% of 2CRSi’s business was generated through the local subsidiary (e.g., the revenue generated from US customers by 2CRSi’s US subsidiary). This is a strong reflection of the relevance of the “multi-local” model that the Group favoured very early on in its international expansion – a model based on a strong local presence extensively integrated into the ecosystem of each country of operations.
Confidence in achieving the annual revenue growth target “The revenue posted by 2CRSi in the first half of 2022/23 is perfectly aligned with our expectations”, commented Alain Wilmouth, co-founder and Chairman of 2CRSi. “Continued business diversification, confirmation of a solid sales momentum, despite a mixed macroeconomic environment, and major advances in our international expansion, particularly in the US, are all favourable factors that, in line with our expectations, will drive our growth in 2022/23 and beyond.” In line with its growth plan, 2CRSi is therefore continuing to move forward on all fronts. In this context, after this successful first half of the year and a strong second half of the year that is traditionally a bigger contributor, 2CRSi confirms its target for the 2022/23 full financial year of double-digit revenue growth, which should cross the €200m threshold. Beyond the favourable seasonality, the confidence in this target being achieved is bolstered by:
In the longer term, 2CRSi will continue to reinforce its positioning as a recognized high-performance eco-responsible IT specialist, in order to fuel its future growth. One of the key steps in this development is its participation in the ReNESENS program, which aims to create a sovereign cloud in partnership with Kalray, Clever Cloud and Vates.
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About 2CRSi Founded in Strasbourg (France), 2CRSi group develops, produces and sells customised, high-performance and environment-friendly servers. In the 2021-22 financial year, the Group generated revenue of €183,6 million. The Group today has around 400 employees and markets its offer of innovative solutions (processing, storage and network) in more than 50 countries. 2CRSi has been listed since June 2018 on the regulated market of Euronext in Paris (ISIN Code: FR0013341781). For further information please visit: www.2crsi.com. Contacts
Regulatory filing PDF file File: First half-year 2022/23 consolidated revenue: €95.7m |
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Language: | English |
Company: | 2CRSi SA |
32, rue Jacobi-Netter | |
67200 Strasbourg | |
France | |
Phone: | +33 3 68 41 10 70 |
E-mail: | [email protected] |
Internet: | www.2crsi.com |
ISIN: | FR0013341781 |
Euronext Ticker: | 2CRSI |
AMF Category: | Inside information / News release on accounts, results |
EQS News ID: | 1468193 |
End of Announcement | EQS News Service |
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1468193 20-Oct-2022 CET/CEST