A return to growth
Prismaflex International announces in its June press release, a record increase in sales of more than 29% compared to last year's fiscal year . 48.9 million for the 2021-2022 fiscal year, it exceeds the results of the three previous annual reviews: 12.9% more revenue than in 2018-2019 and 10.9% more than in 2019-2020.
Solid growth in Print
An analysis of the figures for the 2021-2022 financial year of the billboard manufacturer and large-format printer based in Haute-Rivoire in the Rhône (69) shows a revival of more than 40% of the Print business (or 34.8 million euros). An increase in demand for traditional printing as well as for decoration justified these results. It should be noted that the Group acquired an additional high-yield printer, the Tauro H3300, manufactured by Agfa, at the beginning of the year with the support of France Relance.
Hardware business on the rise
The positive evolution of the Hardware business, reaching 8% increase (+14.1 million Euro) is mainly due to sales of traditional billboards, rather than the volume of orders for LED panels. However, in setting the objectives for the 2022-2023 fiscal year, " the Hardware activity relies on recent orders, both for LED screens (new orders in Latin America and Germany) and for analog products (backlit cases for a French retailer). Commercial actions are continuing in order to increase access to market opportunities ", says the release.
Expected growth for the 2022-2023 fiscal year
at the beginning of the 2022-2023 fiscal year, Prismaflex's order book allows us to consider a continuous progression 17.2 million as of March 31, 2022, compared to 11.5 million at the same time last year. The group also plans to pass on part of the increase in raw material and logistics costs to its sales prices, in contrast to the previous year.
