Investing.com -- Vusiongroup SA (EPA:VU) shares surged on Wednesday after the retail technology supplier reported strong third-quarter sales growth, rising demand for its software and services and reaffirmed its full-year outlook.
The shares climbed 14.23% to €138.10, their highest level since July 7, while France's CAC 40 fell 0.52%.
The French company reported third-quarter revenue of €432.6 million under IFRS accounting standards, up 24.4% from a year earlier. Revenue on an adjusted basis, which excludes certain non-cash accounting adjustments relating to its Walmart contract, rose 25.2% to €445 million. At constant exchange rates and tariffs, adjusted sales increased 49%.
Order entries rose 10% year on year to €462 million, the highest third-quarter total in the company's history, supported by major retailer contracts in Europe and additional projects in North America.
Software and services continued to expand rapidly. Revenue from value-added services (VAS) increased 40% to €202 million in the first nine months of the year, including recurring revenue that jumped 77% to €100 million. Annualised recurring revenue reached €154 million at the end of September, up 82% year on year.
VusionGroup maintained its 2026 targets, including adjusted revenue growth of 15% to 20% at constant exchange rates and tariffs, VAS revenue growth of around 40%, and an increase of more than 100 basis points in its adjusted EBITDA margin.
Chief Executive Thierry Gadou said the quarter reflected continued customer expansion, improving momentum in Europe, the Middle East and Africa, and new North American agreements. VusionGroup plans to outline its medium-term strategy and growth ambitions at a Capital Markets Day in Paris on November 18.
Original Article
VusionGroup shares jump 14% to 15-week high as Q3 sales surge
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