Annual results in deficit

The Gaussin Group achieved consolidated sales of € 41.02 million in 2021 (€ 20.63 million as of December 31, 2020). 12-month metallience in 2021 (acquisition of the company in July 2020).

Sales and production accelerated in the second half with growth of + 11.8ME. The group has also finalized a 10ME license concession to Nexport in Australia. Finally, R & D efforts are made possible by capitalized production that doubles from one semester to the next.

Ebitda recovered significantly from +14.5 ME to 7 ME in the second half, reaching 21% of licensed revenue and revenue, and operating profit increased from + 12.4 ME to 2.8 ME, or 8% of revenue. ..
Throughout the year, EBITDA was very slightly negative at -0.4ME. This decrease compared to 2020 is explained by the costs associated with developing new projects for the Group (road skateboards, hydrogen vehicles, etc.) and delays in the licensing negotiation schedule.

After considering the reversal of allocation and operating profit, that is, -6.4 ME, the annual operating performance will be -6.82 ME (+3.6 ME as of December 31, 2020).

The final result of the year reached -7.3 ME (+1.3 ME at the end of December 2020). Nevertheless, the final result is 2.7ME, which is positive in the second half.

Financial resources

Group cash is € 16 million as of April 15, 2022. A capital increase was made in April, raising € 5.7 million and in April Metallians provided a € 2.7 million participation loan as part of this. An eight-year recovery plan, including a postponed four-year, aimed at funding the company’s growth and working capital requirements.

The Group implemented a net capital increase of € 11.8 million in 2021 to fund its development and R & D efforts.

The total amount of debt and financial debt of the Group is 30.5 million euros as of 31 December 2021 (25.4 million euros as of 31 December 2020), including a loan of 21.8 million euros and 5.4 euros. It consisted of a BPI prepayment of EUR 7.1 million. € 1 million repayable in case of commercial success, and € 1.6 million financial debt related to leasing.

Outlook

The Gaussin Group’s order book, excluding royalties for future sales, increased by 17.9% from 31 December 2020 to € 80 million as of 31 December 2021.

The 2022 business outlook features business and profitability growth with 75ME and 100ME revenue targets in 2023, especially thanks to the development of license sales in North America, Asia and the Middle East. In addition, industrial growth of group subsidiaries in Europe centered on ATMs and APMs, and in Qatar and Australia.

The licensing business model should contribute significantly to the growth and profitability of the group. The United States and Canada, with Gaussin’s privileged partners and growing presence in recent months, are priorities, especially the group’s targets. Gaussin has confirmed its goal of signing 40 license agreements over the next two years.

Production priorities should focus on ATMs and APMs, and their production-in Europe-will increase thanks to the new industrial land in Saint-Vallier. Gaussin specifically targets orders from licensed partners and major American players in distribution and logistics.

2022 is also the year of continuation and strengthening of the Group’s strategic partnerships, including the partnership with Aramco, where Gaussin shares the Dakar Rally adventure in particular.

Gaussin has also been strengthened as an integrated group, with Metalliance joining in mid-2020. New ERPs will be introduced to enhance synergies between the Group’s various activities and ensure optimal organizational structure, compliance (CSR), and internal control.

Launched in 2022, the “One Gaussin” ERP project enables you to: Build a unified group and increase synergies between the various entities of the group. Help accelerate French and international growth. Reduce the time spent on transactional activities to develop higher value missions. Strengthen logistics and the entire industrial chain. Manage your financial flows and increase their credibility.