ANTARES VISION GROUP: RESULTS AND GOALS FOR THE FIRST NINE MONTHS OF 2022
The Board of Directors approved the consolidated revenues as at 30th September 2022
Technological innovation has represented and will continue to represent an important driver for the Group’s growth. On an annual basis, around 7-8% of revenues is invested in research and development.
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The Board of Directors of Antares Vision S.p.A. – Italian multinational, leading provider in Track & Trace systems and quality control, which guarantee the transparency of products and supply chains through integrated data management – on 14th November approved the Group’s consolidated revenues for the first nine months of 2022 (“9M 2022”) / third quarter (“3Q 2022″).
Emidio Zorzella, Chairman and Joint-CEO of Antares Vision Group, commented: “With regard to revenues in 9M 2022, I am very satisfied with the growth obtained in the Smart Data/SaaS segment (+214%), with a further boost in 3Q 2022 (+260%). This significant increase is due to the integration of the software platforms, which enable value to be extracted from primary Inspection and Track & Trace data, able to maximise efficiency and productivity and collect end-to-end data which, through the product’s digital identity, reach the final consumer. Indeed, the Group is increasingly focused and will focus on the growth of Software, Smart Data and Service solutions, also due to the ease of scalability. We are also proud of the growth recorded in North America, which today is our second largest market (after Europe) and provides the highest contribution in terms of growth (9M22: €43m, +71%). In the first nine months of the year, the trend of a significant increase in orders continued (+31% YoY): specifically, I want to highlight the growth in Track & Trace orders, which recorded a 59% increase (or 80% for tracing equipment only). We therefore confirm the guidance for FY 2022, which sees consolidated revenues of between €223-230m and EBITDA between €45-50m”.
Massimo Bonardi, Joint-CEO of Antares Vision Group, commented: “Technological innovation has represented and will continue to represent an important driver for our growth. On an annual basis, around 7-8% of revenues is invested in research and development, including both capitalised costs and those expenses to the income statement, plus investments in technological start-ups. In this regard, the Group recently acquired, through its subsidiary company FT System, a majority shareholding (60%) in Wavision, a company that uses microwave technology to identify foreign bodies in packaged products, which today are not detected by x-ray inspection systems or metal detectors. By exploiting the dielectric properties of materials, this groundbreaking technology is able to identify the presence of foreign bodies in creams, semi-liquids and liquids, especially in the case of transparent physical contaminants, such as plastic and glass”.