- Half-year revenue growth of +11% vs. H1 2020
- Order intake of €9.5m in H1 2021, +27% vs. H1 2020
- Strengthening of technological leadership
- Opening of a logistics center in
partnership with FM Logistic in order to accelerate the marketing
of the Company's innovations and to make mobile robotics available
to all its customers, partners and prospects - Release of the 4.12
version of the BALYO OS allowing the integration of new
functionalities on the robots to enhance customer experience
Regulatory News:
BALYO (Paris:BALYO) (FR0013258399, Ticker: BALYO,
eligible for PEA-PME savings schemes), a technological leader in
the design and development of innovative robotic solutions for
material handling trucks, today announces its revenues for the
first half of 2021.
Pascal Rialland, CEO of BALYO, comments: « The first half
of the year was characterized by the continued dynamic growth of
our business, particularly in Europe, and by the strengthening of
our technological leadership. Several collaborations and
partnerships have been established with key players in the supply
chain and tech industry, illustrating BALYO's disruptive
positioning, recognized for its innovative robotic solutions.
Recently launched, our new logistics platform allows us to promote
to our customers and prospects the high value-added functionalities
of our robots for diversified logistics applications in complex
environments. We are convinced that these milestones, combined with
the launch of the second generation of even more intelligent
robots, will support the commercial momentum in the second half of
2021 ».
In thousands of euros
Q1 2020
Q2 2020
H1 2020
Q1 2021
Q2 2021
H1 2021
Change Q2 21/ Q2 20
Change H1 21/ H1 20
EMEA region
3,053
4,274
7,327
3,815
4,849
8,664
13%
+18%
Americas region
461
459
920
475
336
811
-27%
-12%
APAC region
228
197
425
26
120
146
-39%
-66%
Sales revenue reported
3,739
4,928
8,666
4,306
5,304
9,609
8%
+11%
Second quarter and first half 2021 business activity
BALYO reported revenues of €9.6M in the first half of 2021, up
+11% compared to the first half of 2020. In the second quarter of
2021, the Group recorded revenues of €5.3M, up +8% compared to Q2
2020. After taking into account new orders for €5.2 million in Q2
2021, the order backlog as of June 30, 2021 was €8.8 million,
compared to €8.7 million as of March 31, 2021.
Extensive developments and partnerships for the business
expansion of the latest generation of BALYO robots
In order to strengthen its technological leadership and the
value of robots for its customers, BALYO has established several
key partnerships during the past six months.
The Company has partnered with FM Logistic (a supply
chain solutions provider based in more than 14 countries) to open a
logistics platform whose objective is to establish itself as a
reference center for mobile robotics in France and Europe, in order
to highlight BALYO's innovative solutions.
BALYO has partnered with K�rber Supply Chain, a leading
intralogistics integrator and subsidiary of K�rber AG, to offer its
autonomous material handling equipment to companies worldwide. The
integration of BALYO's robot ranges within Kӧrber's solutions will
meet the requirements related to pallet handling, including heavy
and bulky loads.
The Company has initiated the migration of its robots to
Ouster's 3D lidars (multi layer), designed to improve the
existing abilities of its robots to localize themselves in complex
environments, to detect obstacles at height or on the ground or to
improve their energy consumption efficiency.
BALYO also conducted the first test of its new generation of
reach truck robots in collaboration with XPO Logistics,
Europe's leading logistics company.
Finally, the latest high value-added functionalities of the
BALYO OS in version 4.12 will be implemented on robots installed
from the 4th quarter in order to continue the optimization of
logistics flows and the simplification of robot installation. This
new version of the OS distinguishes itself by allowing to equip the
robots with the following functionalities:
- Safety Soft Gen2: robots adapt their
speed in real time to move through crowded areas without triggering
unnecessary stops, thus simplifying robot installation;
- Pallet perception: pallet drop off
perception algorithms have been improved in order to manage the
combination of manual pick and automatic drop of pallets in order
to reduce the spacing of the pallets in rack or to increase the
tolerance to the overhangs of loads;
- Autocalibration: the autocalibration
feature of the robots has been greatly extended to allow an
accelerated set-up or restart of the robots after delivery on site
or following a maintenance operation.
Post-closing event: Buyback of the 88,750 warrants issued in
July 2020 by Sherpa Mobile Robotics to BALYO
In the context of the CAPZA Transition's acquisition of a stake
in the Norcan group, BALYO has exercised its option to buy back the
88,750 warrants issued in July 2020 by Sherpa Mobile Robotics
(SMR), a subsidiary of Norcan.
As a reminder, in order to focus on its new strategy, BALYO had
concluded an agreement with Norcan at the beginning of 2020 to
allow it to develop the Sherpa® range operationally, through the
company SMR created for this purpose. Under the terms of this
agreement, and in consideration of the development investments
made, the contribution of the IP and the teams necessary for the
development of the Sherpa® range, SMR had issued warrants to BALYO
that could give it access, under certain conditions, to up to 30%
of SMR's capital.
The disposal of the warrants is expected to take place on July
23 in consideration of a price of €1.1 million.
BALYO will continue to assist SMR under the license and
technical assistance agreements signed in 2020.
Strategy and outlook
During the second half of 2021, BALYO's sales momentum should
continue to benefit from the strengthening of its operational
drivers, the reinforcement of the sales department with the recent
appointment of Mark Stevenson as Chief Sales Officer, commercial
partnerships with integrators, greater commercial autonomy for
historical OEMs, direct sales, as well as the ramp-up of
technological developments, particularly the OS, in favor of the
latest generation of BALYO robots.
Next BALYO financial release: 2021 half-year results, on
September 27, 2021 after market close.
About BALYO Humans around the World deserve enriching,
creative jobs. At BALYO, we believe that pallet movements in DC and
manufacturing sites should be left to fully autonomous robots. To
execute this ambition, BALYO transforms standard forklifts into
intelligent robots thanks to its breakthrough Driven by Balyo™
technology. Our leading geo guidance navigation system enables
robots to locate their position and navigate autonomously inside
buildings - without the need for any additional infrastructure. To
accelerate the material handling market conversion to autonomy,
BALYO has entered into two global partnerships with KION (Linde
Material Handling's parent company) and Hyster-Yale Group. A full
range of globally available robots has been developed for virtually
all traditional warehousing applications; Tractor, Pallet,
Stackers, Reach and VNA-robots. BALYO and its subsidiaries in
Boston and Singapore serve clients in the Americas, Europe and
Asia-Pacific. The company has been listed on EURONEXT since 2017
and its sales revenue reached €21.7 million in 2020. For more
information, visit https://www.balyo.com/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210722005751/en/
BALYO Frank Chuffart investors@balyo.com
NewCap Financial Communication and Investor Relations
Thomas Grojean / Louis-Victor Delouvrier Tel: +33 1 44 71 98 53
balyo@newcap.eu
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