Strong Revenue and Growth
VusionGroup achieved a 51% growth in adjusted sales at EUR 649 million. VAS revenues doubled year-on-year to EUR 91 million. Order entries were up 22% for the first half.
Increased Profitability
EBITDA margin increased by 300 basis points compared to H1 last year, with an 84% growth in adjusted EBITDA.
Strong Cash Flow and Financial Position
Operating free cash flow significantly increased, and the net cash position improved by EUR 120 million, with a cash position exceeding financial debt by EUR 513 million.
Upgraded Full Year Outlook
VusionGroup raised its annual revenue target to EUR 1.5 billion, aiming for a 50% growth, and expects adjusted EBITDA margin to increase by 200 to 300 basis points.
U.S. Market Expansion
Strong traction in the U.S. market with 134% adjusted sales growth in H1.