Positive revenue trend continues with double-digit growth, at constant exchange rates

Preliminary quarterly revenue of €151.4 million, up 8.2% (+10.7% at constant exchange rates), compared to €139.9 million in the same period in 2016

In the first nine months, preliminary revenue grew by 6.9% (+6.8% at constant exchange rates) to €450.7 million, compared to €421.8 million in the previous year


Bologna, 24th October 2017 – Datalogic S.p.A. (Borsa Italiana S.p.A.: DAL), company listed in theSTAR segment of the Italian Stock Exchange managed by Borsa Italiana S.p.A.– organised and managed by Borsa Italiana S.p.A. (“Datalogic”) and world leader in the sectors of automatic data acquisition and industrial automation, announced its preliminary revenues for the third quarter of 2017.

Valentina Volta, CEO of the Datalogic Group, commented: “Preliminary third quarter revenues continue to show a positive trend despite seasonal factors for the period, negative performance in the Euro /Dollar exchange rate, and the delay of certain significant new product launches to the fourth quarter. Growth was mainly in the Manufacturing and T&L sectors, as the result of large orders from several important customers and excellent performance in China. Revenues also grew in EMEA, benefitting from our recent acquisition of Soredi Touch System, and in the Americas due to the excellent performance of Solution Net Systems. The positive feedback from customers on new products launched during the quarter, including the new Joya Touch A6 Android terminal with wireless charging, the new Magellan fixed retail scanners, and the new Quickscan Lite handheld reader for the Retail sector, as well as the new Powerscan 9100 industrial reader with the innovative "scan engine" developed in-house, makes us confident that the growth trend will continue in the last quarter of the year.
 
Preliminary sales revenues during the third quarter 2017 amount to €151.4 million, up 8.2% compared to third quarter 2016 (+10.7% at constant EUR/USD rates).

The booking for the quarter was €142.0 million, up 2.9% over the third quarter of 2016, which did not benefit from new product sales announced only at the end of the quarter.

Datalogic, which represents the Group’s core business and includes the revenues of four key sectors (Retail, Transportation & Logistics, Manufacturing and Healthcare), recorded sales of €138.6 million, up 5.9% (+8.1% at constant EUR/USD rates) compared to the third quarter 2016. The division showed outstanding performance in EMEA and Asia, particularly in China, which posted growth of more than 80%, and was supported by the contribution of Soredi Touch Systems of around €2 million. North America recorded double-digit growth in the T&L sectors, while the Retail sector suffered from the delay in the launch of new products and some major projects.

Solution Net Systems, specialised in providing customers of the Datalogic Group with integrated automated distribution solutions for the postal and Retail segment, posted excellent performance in the quarter, with turnover of €8.7 million, which was more than twice the figure of €3.8 million for the third quarter of 2016 (+128%, +138% at constant EUR/USD rates), due to important orders in addition to progress on the Royal Mail order. 

Informatics, active in the marketing and distribution of products and solutions to manage inventory and moveable assets, dedicated to small and medium-sized enterprises, recorded sales of €5.1 million, down by 11.7% (-7.5% at constant EUR/USD rates) compared to the third quarter 2016.

During the nine months, preliminary sales revenue was €450.7 million, an increase of 6.9% from €421.8 million in the first nine months of 2016 (+6.8% at constant exchange rates), and reflects a negative trend in the Euro/Dollar exchange rate over the quarter, which entirely offset the benefits from the first half of the year. The booking reached €464.8 million, up 9.2% compared to the same period in 2016.

The Group’s results of the third quarter of 2017 will be approved by Datalogic’s Board of Directors on November 13th, 2017.