VusionGroup shares jumps on solid H1 results, guidance hike

Shares in VusionGroup VU.PA jump 15% after the French shelf labelling systems maker lifted its FY guidance, following a strong H1

The group now sees FY sales to grow about 50% y/y to around EUR 1.5 billion ($1.8 billion) vs EUR 1.4 billion previously, while adjusted EBITDA margin should grow by 200-300 basis points vs 100-200 basis points seen previously

"H1 results significantly exceeded our expectations," Portzamparc says, adding strong growth in profitability and cash generation lead to FY outlook hike

The group's H1 revenue of EUR 614 million exceeds its own guidance of EUR 600 million

Shares on track for their best day in 7 months

($1 = 0.8488 euros)