Balyo SA reports Q2 results

Jul. 22, 2022 3:21 AM ETBalyo SA (BYYLF)By: Meghavi Singh, SA News Editor
  • Balyo SA press release (OTC:BYYLF): Q2 Revenue of €4.42M (-16.8% Y/Y).
  • Order backlog at €11M as of June 30, 2022, up 25% compared to H1 2021.
  • Order intake of €9.3M in H1 2022, slightly down compared to H1 2021.
  • Continued rebalancing of the business model towards direct sales, representing 36% of new orders in H1 2022 vs. 19% in 2021.
  • "Revenues in the second half of 2022 will benefit in particular from the larger order commitment from Linde in the second half of 2022 and from the growing share of direct sales."

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