THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED RESULTS AS AT 31 DECEMBER 2022
2022 has been a year of growth in terms of results, strengthening of the range of solutions offered, brand awareness and expansion of the perimeter
The Board of Directors of Antares Vision S.p.A. Italian multinational, leading provider of Track & Trace and quality control systems, which guarantee the transparency of products and supply chains through integrated data management, met and approved the draft separate and consolidated financial statements as at 31 December 2022.
Emidio Zorzella, Antares Vision Group Chairman and Co-CEO, commented: “On the strength of its sound vision, the Group has faced with great determination the climate of macroeconomic and geopolitical uncertainty, that has drastically changed the scenarios it is used to handling. 2022 was therefore a year of growth in terms of results, strengthening of the range of solutions offered, brand awareness and expansion of the perimeter, thanks to a new internal organisation and a unique and distinctive positioning of its integrated and scalable ecosystem of technologies. The excellent result in terms of turnover confirms our great delivery capability: in 2H 2022 we generated revenues of around €140 million (of which around €90 million recorded in 4Q 2022), with an increase of more than 60% compared to 1H 2022 and of more than 34% compared to 2H 2021. In 2023 we expect doubledigit revenue growth, accompanied by improved profitability and lower net debt”.
Massimo Bonardi, Co-CEO of Antares Vision Group, added: “Revenue growth in 2022 was achieved thanks to the Group’s continued transformation into a Company increasingly geared towards the development of Software, Smart Data and Service solutions, also due to their easier scalability, as well as the development of Track & Trace solutions even in the FMCG segment, which will lay more foundations for the generation of recurring revenues and higher profit margins, following the initial introduction of the hardware. Furthermore, let’s not forget the actions successfully undertaken by the Group to find new and alternative sources of supply, the reengineering of several products and the improvement of production scheduling”.