PRESS RELEASE
Loudéac,
Acceleration of revenue growth in Q3 2022
Resilience of the model demonstrated in a demanding environment
- Q3 2022 revenue: €33.9m, up 20% (+13% organic)
- Revenue at
30 September 2022 : €95.4m, up 19% (+9% organic) - All business segments showed double-digit growth in Q3 2022
Q3 | 9M | ||||||||
in €m, unaudited | 2021 | 2022 | Chg. | Chg. organic1 | 2021 | 2022 | Chg. | Chg. organic1 | |
Farming supplies | 25.1 | 29.8 | +19% | +11% | 71.6 | 85.0 | +19% | +8% | |
Farming nutrition | 2.7 | 3.5 | +29% | +29% | 7.5 | 9.0 | +20% | +20% | |
Other2 | 0.4 | 0.6 | +30% | +29% | 1.2 | 1.4 | +15% | +9% | |
TOTAL | 28.3 | 33.9 | +20% | +13% | 80.3 | 95.4 | +19% | +9% |
At
Consolidated Q3 2022 revenue came to €33.9m, up 20% versus Q3 2021. In organic terms, revenue grew by a strong 13%.
The Farming Supplies business (88% of revenue for the quarter), whose products are marketed under the Vital Concept brand, made revenue of €29.8m, up 19% compared with Q3 2021 (+11% organic). This performance is all the more remarkable given the demanding environment caused by persistent inflation in raw material prices, even if it has eased in recent months. In order to minimise the impact on its business,
The Farming Nutrition business (10% of revenue for the quarter), whose products are marketed under the Alphatech brand, made revenue of €3.5m, representing sharp organic growth of 29%. The performance of export solutions continued to drive the Group's results.
ACQUISITION OF KABELIS IN
During Q3,
Founded in 2007, KABELIS specialised in fertilisers, seeds, services for local authorities, horticulture, golf courses, sports grounds, etc. and became the leading French player in landscaping and green space development.
This second acquisition since the IPO, after that of BTN de Haas in
CONTINUED GROWTH EXPECTED IN Q4 2022
Having demonstrated its ability to continue generating strong business growth during the first nine months of the year, despite a demanding environment, by offering customers solutions that contribute to operational performance and competitiveness,
In the longer term, the Group reiterates its revenue target for 2025 of around €200m and an EBITDA margin of around 6.5%. It expects to achieve half of this acceleration in growth through organic growth and half through external growth.
About
Founded in Loudéac, in the heart of Brittany, in the early 1990s,
The company is listed on Euronext Growth Paris (ISIN: FR0014000P11 - ticker: ALWF) - Eligible for PEA PME equity savings plans - Certified as an "
For more information about the company: www.winfarm-group.com
Contacts:
ACTIFIN, financial communications Benjamin LEHARI +33 (0)1 56 88 11 11 winfarm@actifin.fr | ACTIFIN, financial press relations Jennifer JULLIA +33 (0)1 56 88 11 19 jjullia@actifin.fr |
1 Like-for-like basis: excluding the consolidation of Kabelis group companies in 2022 revenue
2 Revenue from farming advisory services (under the Agritech brand) and experimental farm activities (under the Bel Orient brand)
Attachment
- WINFARM_PR_revenue_Q3_2022_final
© OMX, source