ANTARES VISION GROUP: RESULTS AT 31 MARCH 2023
The Group closed the first quarter with positive results, both in terms of orders (+11% YoY) and revenues (+22% YoY)
The Board of Directors of Antares Vision S.p.A. approved the Group consolidated revenues for the first quarter of 2023.
Emidio Zorzella, Chairman and Co-CEO of Antares Vision Group, commented: “Antares Vision Group confirms its positioning as partner in product and supply chain digitalization for enterprises and institutions, leader in traceability, quality control and integrated data management, to guarantee safety, quality, efficiency and sustainability. The Group closed the first quarter with positive results, both in terms of orders (+11% YoY) and revenues (+22% YoY): this result was obtained also thanks to the continuous growth of the Smart Data/SaaS segment (+55% YoY), which benefits of the integration of software platforms, existing and purchased, able to guarantee transparency and end-to-end visibility of products and supply chains, maximising efficiency and productivity for enterprises, and forging a dialogue of trust with the final consumer. Thanks to the robust growth recorded in the quarter (+60% YoY), the Americas have become the most important area for the Group for the first time, with revenues corresponding to 44% of the total, while Europe’s contribution (including Italy) was 39% of revenues. Given the numbers obtained in the quarter, we have confirmed the guidance previously announced for FY 2023, with consolidated revenues recording double digit growth and a plan to improve profit margins”.
Massimo Bonardi, Co-CEO of Antares Vision Group, commented: “Investments in technological innovation enable us to continue to offer increasingly innovative solutions: last week we presented Diamind, the integrated ecosystem of solutions across the Group that will support our future growth. By connecting physical products with digital identities, Diamind can be applied to the production line, factory, warehouse, company and supply chain. This ecosystem guarantees product quality (through inspection systems and machines) and end-to-end traceability (from raw materials to production, from distribution to the consumer and vice versa), thanks to integrated data management, boosted by artificial intelligence and able to be integrated with blockchains”.