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smartphoto group – Half yearly results 2022 – smartphoto group realises strong profitable growth

Maggy Van den Stock

PRESS RELEASE – Regulated information

Wetteren, August 24, 2022 – 05.45 p.m.
smartphoto group – Euronext Brussels: SMAR

  • Revenue over the first 6 months of 2022 increased by 39.1% and evolved from 21 060K euro last year to 29 304K euro as at June 30, 2022. This increase was achieved through the company’s internal organic growth (+8.5%) and through the integration of naYan.
  • Over the first 6 months of 2022 profitability increased strongly compared to a year earlier due to a better product mix and price adjustments, this notwithstanding higher production, transport and material costs.
    EBITDA increased from 965K euro in the first half of 2021 to 3 238K euro as at June 30, 2022 (+235.5%).
  • Net profit over the first half of 2022 of 975K euro compared to a net loss of 824K euro a year earlier.
  • Positive evolution of net cash on an annual basis from 881K euro to 2 895K euro, and this despite the dividend payment over 2021, the additional share buy-back and further investments in growth.
  • Despite the uncertain general economic outlook, smartphoto group expects further year-on-year growth in revenue and EBITDA.

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