DATALOGIC S.P.A. H1 2023 Results Conference Call
AUGUST 03, 2023
H1 2023 & Q2 2023 Results
H1 2023 Results
REVENUES
€298.0
-5.3%
Q2 2023 Results
REVENUES
€148.3
-16.1%
GOM
€126.4
42.4%
(+2.8 pp)
GOM
€64.0
43.2%
(+4.0 pp)
Adj. EBITDA
€33.0
11.1%
(+0.2 pp)
Adj. EBITDA
€19.5
13.2%
(+0.4 pp)
€m
NET RESULT
€12.1
4.1%
(+1.3 pp)
€m
NET RESULT
€8.9
6.0%
(+1.8 pp)
Net Debt at €25.1M (- €16.9M vs Dec '22)
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1H 2023 Highlights: improving profitability and cash flows in an uncertain demand environment
❑ Revenues decreased by 5.3%, due to a soft demand and | ❑ R&D Cash Out at €32.0M, steady at around 10.7% |
the continuing destocking cycle in distribution, in all | on revenues, maintaining solid levels of R&D |
geographical areas | investments |
❑ Gross Operating Margin, improving on a quarterly basis, | ❑ Adj EBITDA margin at 11.1% (10.9% in H1 2022), |
at 42.4% compared to 39.6% in H1 2022 (+2.8 pp) | thanks to the improvement in industrial margins and |
thanks to positive effects of price, mix and productivity | despite higher operating expenses and negative |
in an eased environment on the procurement side | volumes |
- Positive price/mix in the semester across main ❑ Net Debt down at €25.1M, thanks to a sound
geographies and product lines | +€31.8M operating cash flow generation, fueled by |
tight control on Net Working Capital |
3
Group Revenues by Geography
€m | H1 2023 | H1 2022 | Var % | % on Group Revenues | |
APAC | |||||
EMEAI | 164.0 | 170.3 | (3.7%) | ||
14.2% | |||||
Americas | 91.6 | 96.2 | (4.7%) |
APAC | 42.3 | 48.1 | (12.0%) |
Total Datalogic | 298.0 | 314.6 | (5.3%) |
EMEAI 55.0%
Americas
30.8%
- EMEAI: Group's first market down by 3.7%. DACH growing +9.4%, Italy down by 3.3%
- AMERICAS: Group's second-largest market down by 4.7%, despite positive trend in check out solutions and industrial scanners
- APAC: -12.0%YoY, (-8.7% Net FX), growing in SEA and ANZ
4
Group Revenues by Market Segment
€m | H1 2023 | H1 2022 | Var % | % on DL Business Revenues | |
Data Capture | 178.9 | 190.7 | (6.2%) | ||
Industrial Automation | 111.1 | 116.0 | (4.2%) |
Total DL Business | 289.9 | 306.7 | (5.5%) |
Informatics | 8.2 | 8.5 | (3.1%) |
Intra division | (0.2) | (0.6) | |
Total Datalogic | 298.0 | 314.6 | (5.3%) |
Industrial
Automation
38.3%
Data Capture
61.7%
- Data Capture: -6.2%, down in all geographical areas, despite a double-digit growth in check out solutions in both EMEAI and Americas
- Industrial Automation: Americas growing +3.5%, down the other geographies
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Datalogic S.p.A. published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 08:45:12 UTC.
