Home » 89% increase in turnover in the first half of the year

89% increase in turnover in the first half of the year

by archyw

VOGO today publishes its sales for the first half of 2021. As expected, the commercial momentum initiated in the second part of the 2020 financial year has accelerated over the period. This return to a solid growth path should be confirmed in the second part of the year, already making it possible to anticipate a successful financial year both in terms of growth in activity and improvement in results.

Over the first half of 2021 as a whole, sales amounted to nearly ME 4.3 million, up 89% compared to the same period of fiscal 2020.

Over the first half of the year, all geographic areas benefited from the acceleration in sales momentum. In the EMEA zone (including France), turnover stood at 3.5 ME (83% of total activity), up 83%.

For the coming months, VOGO is already enjoying strong visibility with orders signed with the PAC 12 (Pacific-12 Conference) or the SEC (Southeastern Conference), two groups of universities, for deployments in American football. Demonstrations are also scheduled with major North American sports organizations for the golf, esports, and soccer markets.

Perspectives

Despite persistent tensions on component supplies, this successful first half-year and the quality of the order book allow VOGO to reaffirm its confidence in its business outlook for the coming months.

In terms of Innovation, the Group has decided to step up its efforts in the areas of digital audio and video, 5G networks and artificial intelligence.
Two BPI financings are currently underway in these areas:
– IA5 (1.6 ME still to be collected); and
– PIA3 (0.3 ME still to be collected)

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In addition, the work carried out within the framework of the EasyCov consortium makes it possible to consolidate the relationship with the CNRS and players in the health sector. As announced, new developments are already being studied in order to seize the opportunities of the Digital-Health / Performance / Well-being markets, in particular in connection with the sports market.

Beyond these solid prospects for organic growth and on the strength of a solid financial situation (gross cash at June 30, 2021 stood at 7.9 ME), VOGO also intends to remain attentive to external growth opportunities that would enable it to strengthen its anchoring now established at the forefront of global players in the sports market.

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