Earnings Release • Jul 22, 2022
Earnings Release
Open in ViewerOpens in native device viewer
Press release
This press release presents the consolidated results approved by the Board of Directors on July 21, 2022. The audit procedures of the statutory auditors on the consolidated financial statements have been performed. The certification report will be issued after: (i) the review of post balance sheet events, (ii) the finalization of specific verifications required by legal and regulatory texts, (iii) the finalization of work on the presentation required in the annual financial report of the accounts in ESEF format.
| Simplified income statement - Audited In millions of EUR - IFRS |
2021-2022 | 2020-2021 | Change |
|---|---|---|---|
| Revenue | 183.6 | 163.3 | +12.4% |
| Other ordinary operating income | 1.8 | 3.9 | -53.5% |
| Revenue from ordinary activities | 185.4 | 167.2 | +10.9% |
| Consumed purchases | (142.5) | (129.7) | +9.9% |
| Gross margin rate | 22.4% | 20.6% | +180 bp |
| External expenses | (10.9) | (9.4) | +16.8% |
| Personnel expenses | (23.6) | (19.5) | +20.6% |
| Taxes | (0.6) | (0.6) | ns |
| Other operating income and expenses | 0.5 | (0.6) | ns |
| EBITDA | 8.4 | 7.4 | +14.5% |
| EBITDA margin | 4.6% | 4.5% | +10 bp |
| Other current operating income and expenses | (0.5) | (0.2) | +153.2% |
| Depreciation, amortisation and impairment | (6.5) | (6.6) | -1.2% |
| Current operating income (expense) | 1.4 | 0.6 | +144.3% |
| Current operating margin | 0.8% | 0.3% | +50 bp |
| Operating income (expense) | 1.4 | 0.6 | +144.3% |
| Financial income (expense) | (3.0) | (5.0) | -41.1% |
| Taxes | 0,6 | 0,1 | ns |
| Consolidated net income (expense) | (1.1) | (4.3) | ns |
| Group net income (expense) | (1.1) | (4.2) | ns |
| Consolidated net income and other comprehensive income |
(0.4) | (5.0) | ns |
Following the closing of audit procedures, modifications have been made to 2CRSi's consolidated statements that were previously released on 11 July 2022. These modifications are related to the reclassification of foreign exchange impacts, the accounting presentation of the impact of the Blade receivership and the reclassification of loans and financial debts between current and non-current. Impacts of these changes on the main aggregates of the Group's income statement for the year 2021/22 are summarized below:
| Simplified consolidated balance sheet - Audited In millions of EUR - IFRS |
28/02/2022 | 29/02/2021 |
|---|---|---|
| Goodwill | 8.7 | 7.8 |
| Intangible assets | 16.3 | 15.6 |
| Tangible assets1 | 20.0 | 22.2 |
| Non-current financial receivables | 4.4 | 7.2 |
| Other non-current assets | 3.9 | 3.2 |
| Total non-current assets | 53.3 | 55.9 |
| Inventories | 56.4 | 32.2 |
| Customers | 26.2 | 28.1 |
| Other current assets | 16.8 | 12.1 |
| Current financial receivables | 5.9 | 28.1 |
| Cash and cash equivalents | 4.7 | 4.5 |
| Total current assets | 110.1 | 105.1 |
| TOTAL ASSETS | 163.4 | 161.0 |
| Capital attributable to equity holders of the parent | 40.5 | 40.7 |
| Non-controlling interests | (0.3) | (0.1) |
| Consolidated capital | 40.3 | 40.7 |
| Borrowings and financial debt | 26.5 | 33.8 |
| Non-current lease liabilities | 12.3 | 14.0 |
| Other non-current liabilities | 3.1 | 3.6 |
| Total non-current liabilities | 42.0 | 52.4 |
| Trade payables | 24.8 | 24.1 |
| Current financial liabilities | 29.8 | 23.1 |
| Current lease liabilities | 3.0 | 2.9 |
| Other current liabilities | 23.5 | 17.9 |
| Total current liabilities | 81.1 | 67.9 |
| TOTAL LIABILITIES | 163.4 | 161.0 |
Impacts of these changes on the main aggregates of the Group's balance sheet are summarized below:
1 Includes items associated with right-of-use assets (IFRS 16).
Total liabilities : -€0.4m
END-
Next event: Annual General Meeting on 31 August 2022.
Founded in Strasbourg (France), 2CRSi group develops, produces and sells customised, high-performance and environment-friendly servers. In the 2021-22 financial year, the Group generated revenue of €183,6 million. The Group today has around 400 employees and markets its offer of innovative solutions (processing, storage and network) in more than 50 countries. 2CRSi has been listed since June 2018 on the regulated market of Euronext in Paris (ISIN Code: FR0013341781). For further information please visit: www.2crsi.com.
Joseph Gonnachon Chief Marketing Officer [email protected] +33 (0)3 68 41 10 70
Actifin Simon Derbanne Financial Communication [email protected] +33 (0)1 56 88 11 14
Actifin
Mathias Jordan Financial PR [email protected] +33 (0)1 56 88 11 26
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.