On Thursday, the DBT Group reported a more than doubling of sales for the 2022 financial year and a "very favorable" outlook for 2023, a publication greeted with little enthusiasm on the Paris Bourse.

Buoyed by a booming electric mobility market, the specialist in charging systems for electric vehicles generated total revenues of 9.7 million euros last year, against 4.4 million in 2021.

Its sales momentum was reflected in a surge in order intake, which reached 13 million euros at the end of the year, a 2.7-fold increase compared with 2021.

For 2023, DBT anticipates sales of between 15 and 20 million euros, with the aim of building up a base of recurring revenues likely to facilitate a return to operating profitability.

Following this publication, DBT shares, listed on Euronext Growth Paris, lost 1.8% late Thursday morning. This represents a decline of some 78% over the past 12 months.

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