THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED RESULTS AS AT 30 JUNE 2023
The growth in orders recorded in the first half of the year demonstrates the unique and distinctive positioning of Group’s integrated and scalable ecosystem of technologies
The Board of Directors of Antares Vision S.p.A. approved the Group consolidated results for the first half of 2023 (“1H 2023”), drawn up in accordance with international accounting standards IRFS, as well as the start of negotiations with local management for the disposal of Russian operations.
Emidio Zorzella, President and Co-CEO of Antares Vision Group, commented: “The Company closes the first half with orders and revenues up by 22.5% and 20.3%, thanks to the continued growth of the Smart Data/SaaS segment (+55% Y/Y), which benefits from the integration of software platforms, able to guarantee end-to-end transparency and visibility of products and supply chains. The economic scenario in which the Group operates is currently characterised by greater uncertainty than in the past, with a risk of recession in numerous countries; we are therefore aware that market conditions are subject to sudden changes, which the Group is committed to handle. In this perspective, due to the continuing climate of geopolitical tension and the increasing difficulties in directly managing operations in certain regions, we have begun negotiations to finalize, possibly by the end of 2023, the disposal of our companies operating in Russia. We continue to be convinced of the long-term megatrends related to digitalization of products and supply chains for businesses and institutions, quality control, and integrated data management, as evidenced by continued growth in sales and orders. This is why we continue to invest in resources and tools that, although they will not translate positively on profitability this year, will allow us to take full advantage of market opportunities, thanks to the increasing diffusion and use of our technology ecosystem”.
Massimo Bonardi, Co-CEO of Antares Vision Group, commented: “The growth in orders recorded in 1H 23 of over +22%, demonstrates the unique and distinctive positioning of our integrated and scalable ecosystem of technologies. The Group remains convinced of the need to put more and more effort into adapting to changing market conditions, and I am confident that our continued efforts directed toward organizational improvement and efficiency, cost reduction, enrichment of our offerings, and greater focus on remuneration for the high value-added services we provide will lead to good results in a more challenging business environment. The management team and all Group employees are more cohesive, aware and determined than ever to tackle this important and decisive business evolution”.