DJ 2CRSi SA: Upward revision of financial targets for fiscal year 2023-2024
2CRSi SA
2CRSi SA: Upward revision of financial targets for fiscal year 2023-2024
02-May-2024 / 17:46 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
=----------------------------------------------------------------------------------------------------------------------
Upward revision of financial targets
for fiscal year 2023-2024
Revenue now expected to exceed EUR190 million with EBITDA above EUR5 million.
Strasbourg (France), May 2, 2024 - 2CRSi (ISIN: FR0013341781), a leading designer and manufacturer of high-performance,
energy-efficient computer servers, today announced an upward revision of its financial targets for the 16-month
financial year ending June 2024.
On February 22, 2024, 2CRSi announced its objective to achieve a revenue of over EUR150 million for the 16-month interim
period ending in June 2024, with an EBITDA margin exceeding 3% of revenue.
As of today, the Group's consolidated revenue has already exceeded this target, notably due to the delivery and receipt
of payment for the entire triple order of dedicated artificial intelligence servers totaling EUR3 x 27 million (list
price), announced on March 26, 2024.
In this context and considering the current exceptional commercial momentum, 2CRSi is now fully confident in its
ability to achieve a consolidated revenue of over EUR190 million by the end of June 2024, representing a significant
upward revision from the initial target.
The EBITDA target should also be exceeded, reaching over EUR5 million compared to the initial target of over EUR4.5
million.
Considering the current performance and the solid visibility gained on upcoming orders, the ambition set for the
12-month fiscal year 2025-2026 to exceed EUR300 million in revenue with a targeted EBITDA margin of over 12% is fully
confirmed.
These announcements materialize the benefits of the sale of Boston Limited in June 2023, which allowed 2CRSi to free up
operational and commercial resources, enabling the Group to focus on deploying its AI offerings (servers and computing
power) and thus embark on a new performance trajectory.
As a reminder, it was not possible to provide a reasonable estimate of the consequences of the sale of Boston Limited,
in accordance with IAS 10-21, neither at the time of the transaction nor at the close of the fiscal year 2022/23.
Despite this, the strategic realignment and the ten years of investment in research and development are now beneficial
for all geographies of the group.
Today, 2CRSi is demonstrating its ability to gain market share in several areas driven by strong demand on an
international scale: dedicated servers for Artificial Intelligence, liquid cooling solutions with or without heat
reuse, EDGE and EMBEDDED products, as well as high-value-added services.
2CRSi thanks its customers, partners, and shareholders for their continued trust, and commits to maintaining its focus
on innovation and operational excellence.
About 2CRSi
Founded in Strasbourg, France, the 2CRSi Group designs, produces and markets high-performance, customized,
eco-responsible servers. In fiscal year 2022-2023, the Group generated sales of 184 million euros. The Group now
markets its innovative solutions (computing, storage and networking) in over 50 countries. 2CRSi has been listed since
June 2018 on the Euronext regulated market in Paris (ISIN Code: FR0013341781), and its shares were transferred to
Euronext Growth in November 2022.
For further information: 2crsi.com
Contacts 2CRSi
2CRSi
Seitosei.Actifin Seitosei.Actifin
Jean-Philippe
LLOBERA Foucauld Charavay Michael Scholze
Head of Financial Communication foucauld.charavay@seitosei-actifin.com Financial press relations
Communication Foucauld.charavay@seitosei-actifin.com
michael.scholze@seitosei-actifin.com
investors@2crsi.com 01 80 18 26 33
01 56 88 11 14
03 68 41 10 70
-----------------------------------------------------------------------------------------------------------------------
Regulatory filing PDF file File: 2CRSi announces upward revision of its 2024 financial targets EN
=----------------------------------------------------
Language: English
Company: 2CRSi SA
32, rue Jacobi-Netter
67200 Strasbourg
France
Phone: +33 3 68 41 10 70
E-mail: investors@2crsi.com
Internet: www.2crsi.com
ISIN: FR0013341781
Euronext Ticker: AL2SI
AMF Category: Inside information / Other releases
EQS News ID: 1894597
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
1894597 02-May-2024 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1894597&application_name=news
(END) Dow Jones Newswires
May 02, 2024 11:46 ET (15:46 GMT)
