BIO UV: 2020 Annual Results - Good Start To 2021: Growth Of Over 20% In The 1st Quarter

Shareholders' equity at 31 December 2020 stood at €30.2m, versus €16.0m at end-2019.


Business growth of 21% in 1st quarter 2021, annual guidance confirmed

The Group posted a good start to the year, increasing revenue (on an entirely organic basis) by 21% in the 1st quarter.

Growth in Land activities in 2021 will be fuelled in particular by the new O'Clear solution, which combines the most well-known water disinfection technologies without chemical treatment on the market (ultraviolet and electrolysis). In Maritime activities, market trends are amplifying and the imminent launch of an optimised offering will boost growth. The Surfaces division will benefit from the gradual strengthening of its sales teams and the roll-out of the distribution agreement with KOMPAÏ Robotics and the Teamnet Group announced in February 2021.

The start of 2021 is consistent with the roadmap set early in the new year, with double-digit organic growth and increased profitability (EBITDA).

In addition, thanks to the success of the fund-raising in November 2020, BIO-UV aims to seize external growth opportunities in the coming months.

BIO-UV is confirming its objective to achieve €60m in annual revenue by 2024 through organic growth.


Commenting, Benoît Gillmann, Chairman and CEO of BIO-UV, said:

“We made a major step forward in 2020 through a strong increase in profitability, with EBITDA margin now standing at over 10% and positive net income. In the midst of the unprecedented health crisis, BIO-UV harnessed its solid fundamentals, namely extremely strong growth – of over 60% for the last two years – positive net income and surplus net cash flow.

I would like to congratulate and thank all the Group's employees who, through their hard work in an unprecedented and complicated situation, enabled BIO-UV to make this major step forward.

BIO-UV is stepping up its profitable growth in crucial markets, including the treatment and disinfection of water, surfaces and spaces with the ineluctable change in protocols in sensitive sectors in response to key issues, notably greater environmental respect, more effective disinfection and the protection of the health of individuals currently in contact with what are often obsolete chemical processes. This inevitable trend will be gradual, and it is the most affected sectors that will choose certified solutions from the most serious companies.”

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Disclosure: Information in “The Felder Report” (TFR), including all the information on this website, comes from independent sources believed reliable but accuracy is not guaranteed and ...

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