Finance
10/27/22
Q3 2022 Revenue
- Q3 22 revenues of €575m, +33% vs. Q3 21
- Cumulative 9-month sales of €1,631m, +16% vs. 9-month sales 21, +13% like for like*
- Q3 22 order intake on equipment of €588m vs. €856m in Q3 21
- End of Q3 22 order book on equipment at €3,666m vs. €2,295m in Q3 21**
- Maintaining the expectation that revenues for 2022 will increase by more than 20% compared to 2021
- Expectation of an operating margin of around 4.5% of revenues
The 33% increase in revenues in Q3 2022 compared to Q3 2021 is the result of our ability to accelerate our deliveries in a supply chain context that remains tense and uncertain. Our teams are fully mobilized to respond to the pressing expectations of customers in markets that show no signs of slowing down. The increase of our order book and inflation are pushing customers to anticipate their orders to secure their future supplies. Given the depth of our order book, the implemented sales price increases will have full effect only after 2022.
Michel Denis, President & CEO