AMA: 2021 first-half consolidated revenues
AMA: 2021 first-half consolidated
revenues
-
2021 first-half consolidated revenues
up +131%
-
Acceleration of framework agreements signed with major
international groups: eight new agreements signed during the first
half of 2021
-
Strategic commercial partnerships set up in Europe with
Orange Business Services and
China with Beijing LLVision Technology Co., Ltd and Tian Xin
Technology (TXT)
-
Progress with the CSR strategy and recruitment
campaign
-
Strategy and organisation ready for a further
acceleration in growth
during the second half of
2021
AMA CORPORATION PLC (“AMA”), a pioneer for
assisted reality solutions and a publisher and integrator of B2B
software solutions for smart workplaces, is reporting consolidated
revenues of 4.0 million euros for the first half of 2021 (ended 30
June), up from 1.7 million euros for the same period the previous
year, with year-on-year growth of 131% at constant exchange
rates.
Following on from its initial public offering
through a 36.0 million euro capital increase (excluding the
exercising of the over-allotment option), which was completed at
the start of July 2021, AMA has put the foundations in place to
continue building on its strong growth. Recent advances confirm the
structural trends relating to the growing digitalisation of the
global economy and the specific trends linked to the rapid
development of smart workplaces: more and more major groups are
integrating AMA’s solutions on a wide scale, key commercial and
strategic partnerships are being set up in Europe and China, and
the solutions are enabling significant carbon footprint savings.
The recruitment plan has been anticipated since April 2021,
particularly with a view to maximising the organisation’s
efficiency during the second half of 2021, in line with the
seasonality of sales observed in 2020.
Ramping up the number of framework agreements signed
During the first half of this year, the number
of 36-month framework agreements signed was ramped up. Eight
framework agreements were signed during the first six months of
this year, compared with six for the full year in 2020, taking the
total number of framework agreements up to 18. These major
international clients that are gradually deploying AMA’s XpertEye
solutions at various levels within their organisations include Air
Liquide US, Boerhinger Ingelheim, Ceva, Decathlon, REEL, Solvay and
Zimmer Biomet. In total, 102 new clients have been brought on board
since the start of the year, which highlights the assisted reality
market’s robust development and maturity and the digitalisation of
frontline workers.
Commercial partnerships set up
During the first half of this year, AMA signed
major commercial partnership deals that effectively complement its
direct sales strategy, while further strengthening the visibility
of its range of solutions.
-
Distribution partnership with Orange Business Service (OBS) to
market XpertEye solutions in France through the 140 OBS sales
associates, targeting 44,000 mid-size firms and 400,000 small
businesses. AMA is also present in all of the Orange LAB 5G units
and enterprise agencies in France and around the world.
-
Partnership with Tian Xin Technology (TXT) further strengthened for
hosting and managing XpertEye infrastructures in China. This
strategic partnership enables AMA to market its secure telecoms
solution in the region, reinforcing its position as an assisted
reality expert on this key market where the digitalisation of
frontline workers is progressing quickly.
-
Following on from the H2020 (5G-TOURS) project, AMA is positioned
at the heart of the 5G digital revolution, setting up a number of
collaborative initiatives such as SNCF’s 5G project with Nokia and
Qualcomm.
-
Partnership with Beijing LLVision Technology Co., Ltd, a Chinese
pioneer for assisted reality glasses, to jointly market the GLXSS
SE solution with XpertEye in China and worldwide.
CSR strategy moving forward: carbon footprint review
At the start of the year, AMA asked the Good
Planet Foundation to estimate its carbon footprint. For 2020, it
came to 1,128 tonnes of CO2 for the AMA Group across its value
chain (scope 1, 2 and 3). An action plan to reduce this footprint
is currently being drawn up, working closely with the Group’s 17
CSR coordinators.
Alongside this, according to the Good Planet
analysis, the use of the kits sold in 2020 enabled AMA clients to
avoid 55,000 T CO2 eq., across the product’s entire lifecycle, over
an average of 25 months. This represents 26,400 T CO2 eq. avoided
each year. These results enable AMA to play an active role in
reducing its clients’ carbon impact, while further enhancing the
appeal of its remote collaboration solutions for frontline
workers.
Progress with the recruitment campaign
Rolled out from April 2021, in response to the
acceleration of the Group’s commercial development, the recruitment
campaign is progressing well. By 30 June 2021, AMA had achieved 45%
of its global recruitment targets for 2021, with 22% of
recruitments for sales and project management, 44% for research and
development, and 100% for support roles.
Governance further strengthened
During the first half of this year, AMA welcomed
three independent directors, Ms Pascale Laverrière, Ms Christine
Chan and Ms Nami Itoh-Korsholm, to its Board of Directors, which
now has nine members. With international profiles and expertise in
sales, human resources and corporate finance, these three directors
take the number of women and independent members up to one third of
AMA’s Board. AMA aims to continue building on this progress with a
view to reaching parity in the medium term and 50% independent
directors within its Board.
2021-2020 objectives (recap)
The Group aims to become a market leader in its
sector and plans to continue rolling out its organic growth
strategy based on acquiring new clients and expanding its volume of
business with existing clients. The Group aims to continue moving
forward with its investment policy focused on R&D and the
development of its sales and marketing teams.
The Group is targeting revenues of:
- over 15 million
euros for the year ending 31 December 2021, with full-year revenue
growth of around 140% versus 2020; and
-
over 32 million euros for the year ending 31 December 2022, with
full-year revenue growth of around 110% versus 2021.
Financial diary
AMA Corporation Plc will publish its 2021
first-half consolidated earnings on October 29, 2021.
More generally, in line with its listed status,
AMA plans to publish its consolidated first-half and full-year
consolidated revenues and consolidated earnings.
About
AMA
Whereas most collaborative working tools quickly
reach their limits once outside the office space, AMA enables
experts to work remotely with frontline workers using a secure
software platform combined with video tools that are perfectly
tailored to each business.
With nearly seven years’ experience in remote
assistance solutions, AMA helps industry and service providers of
all sizes, as well as medical establishments, to accelerate their
digital transformation. Deployed in more than 100 countries, AMA’s
assisted reality platform, XpertEye, addresses a wide range of use
cases, from remote diagnostics to inspection, planning and workflow
management. Its unique solutions for remote interactive
collaboration enable businesses and institutions to increase
productivity, speed up resolution times and maximise uptime.
AMA is a fast-growing company with offices in
France, Germany, Romania, the United Kingdom, the United States,
Canada, and China (including Hong Kong). AMA has a global presence
and works across all time zones to forge close relationships with
its clients wherever they are. AMA is listed on Euronext Growth
Paris (GB00BNKGZC51 – ALAMA). Learn more at
www.amaxperteye.com.
Contacts
Esther Duval+33 (0)6 89 18 23 43 esther.duval@ama.bzhMarie
Calleux +33 (0)6 09 68 55 38 ama@calyptus.net
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