Vusion reports 29% rise in H1 adjusted revenue on VAS growth, Walmart rollout
France's Vusion SA reported a 29% year-on-year increase in adjusted revenue for the first half of the year, reaching €839 million. This growth was driven by a 39% increase in VAS (Value-Added Services) revenue, which included a 73% rise in recurring VAS. The company also noted strong revenue growth in the Americas, attributed to the deployment of its EdgeSense solution at Walmart and new projects with other U.S. retailers. Adjusted EBITDA for H1 rose 48% year-on-year to €160 million, with the adjusted EBITDA margin improving due to a higher variable cost margin and a favorable revenue mix
Vusion said first-half adjusted revenue increased 29% year on year to €839 mln, while adjusted EBITDA rose 48% to €160 mln. The company said it plans to seek a new share buyback mandate after completing its previous €30 mln program. Vusion confirmed 2026 adjusted revenue growth guidance of 15% to 20% at constant exchange rates and said it expects around 40% growth in VAS revenue for 2026, alongside more than 100 basis points improvement in adjusted EBITDA margin. The company said VAS revenue rose 39%, including 73% growth in recurring VAS, supported by expansion of its solutions portfolio and strong innovation momentum.
S. retailers. Vusion said higher variable cost margin and a favorable revenue mix, with VAS accounting for 15% of revenue, lifted adjusted EBITDA margin. 70 mln.
The current average analyst rating on Vusion SA shares is "buy", with 8 "strong buy" or "buy" recommendations, no "hold" ratings and 1 "sell" or "strong sell" recommendation. The average consensus recommendation for the electronic equipment & parts peer group is "buy". 00. The stock recently traded at 11 times the next 12-month earnings versus a price/earnings ratio of 13 three months ago.
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