Vusion Group's Q1: Sales Soar and Orders Explode!
North America Leads the Charge as Vusion Group Keeps Growing Like a Weed!
Hey there, Vusion Group fans and finance enthusiasts! Get ready for the lowdown on Vusion Group's Q1 2025 sales, and let me tell you, it's a fun ride!
Huge sales numbers as expected
It looks like Q1 2025 was a smashing success for Vusion Group! Their sales hit €215 million under IFRS, which is a cool 25% jump compared to Q1 2024. But wait, there's more! On an adjusted basis, sales reached €233 million, showing a fantastic 31% growth. Talk about a growth spurt!
Bookings are on fire
Hold on to your hats, because order entries were off the charts, hitting a record-breaking €532 million! That's a massive 94% increase from Q1 2024, largely fueled by some serious action in the United States. It seems like everyone wants a piece of the Vusion Group pie, especially with that accelerated deployment at Walmart.
VAS keep growing but still very small
Now, let's talk about VAS (Software, services, and non-ESL solutions). These sales were also on fire, reaching €33 million, a whopping 71% increase compared to Q1 2024. Recurring VAS revenues made up about 52% of the total VAS revenues. The cloud installed base is expanding rapidly, now covering around 26,000 stores and 188 million electronic shelf labels (ESLs). That's a whole lot of digital tags out there!
Geographically, North America was the superstar, driving growth with a nearly 100% increase in adjusted sales in the Americas & Asia-Pacific region. EMEA sales saw a dip of 15% in Q1, but don't worry, the Group expects a strong comeback in the second half of the year as deliveries from recently signed contracts pick up.
What’s the outlook for 2025?
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