GAUSSIN Group Releases its Consolidated Annual Results for December 31, 2021 – B… – Press Release

Revenues and license fees: €52.8 million versus €40.6 million

Net income: -€7.3 million, compared to €1.2 million

EBITDA: -€0.4 million versus €5 million

Shareholders’ equity: €24.3 million versus €19.5 million

Cash and cash equivalents: €14.4 million for €16 million on April 15, 2022

Strong development prospects thanks to a firm order book of €77 million and a 2022 target of €75 million in revenues*

GAUSSIN (EURONEXT GROWTH ALGAU – FR0013495298), a pioneer in the clean and intelligent transport of goods and people, announced that it has met with its Board of Directors on April 26, 2022 and approved the consolidated financial statements for the year ended December 31, 2021.

This press release features multimedia. View the full release here: https://ift.tt/XkTZUKq

H2 Racing Truck World Tour Dates (Graphic: Business Wire)

1. GAUSSIN, a leading group in new technologies for clean and intelligent mobility

Gaussin continued to grow in 2021, increasing revenues 30% to €52.8 million in 2021 driven by synergies with Metalliance, which has increased its turnover from €10.4 million (6 months) to €26.5 million, and the transfer of the ATM and APM lines to the Saint-Vallier site.

Gaussin reported strong improvements in results for the second half of 2021 compared to the first half of the year. Revenues and license income was €32.3 million compared to €20.5 million in the first half and net income was €2.8 million compared to a loss of €9.8 million in the first half of 2021 (see PR of H1 results on October 31, 2021).

EBITDA for the year was close to break-even at -€0.4 million reflecting rising input costs and significant levels of R&D activity.

Including the contribution of the strong improvements in financial results in the second half of the year, the net loss was -€7.3 million for the year. This result is mainly impacted by significant provisions of €6.4 million.

GAUSSIN’s…

The post GAUSSIN Group Releases its Consolidated Annual Results for December 31, 2021 – B… – Press Release appeared first on CaymanMama.com.

from CaymanMama.com https://ift.tt/RkxhXCW