- More than threefold increase in the ballast water treatment activity ("BIO-
- BIO-SEA's backlog was nearly EUR11 million as of 15 July, of which EUR3.8
million billable in 2019
"Momentum is gathering pace, and it is not about to stop," said Benoit
Gillmann, Chairman and Chief Executive Officer and founder of BIO-UV Group.
"Our BIO-SEA activity is at the heart of a global regulation that requires
shipowners worldwide to equip their vessels with ballast water management
systems. In this environment, we continued our deliveries as usual. We also
signed several major new orders in the first half and are set to conclude
further orders in the coming months, giving us very strong visibility for 2019
and beyond. In addition, our historic activities enjoyed strong export momentum
this half, with the prospect of an even stronger performance in the second
half. Overall, our remarkable performances this half give us great confidence
in our prospects for further success this year."
BIO-UV Group (ISIN code: FR0013345493/Ticker: ALTUV), a specialist in UV water
treatment systems, today released its first-half 2019 revenue and BIO-SEA's
backlog for 2019.
In the first half of 2019, BIO-UV Group recorded total revenue growth of 64%
compared with the first half of 2018, after what was already strong growth of
22% over the previous year.
The performance was driven by the combined effect of a further big increase in
the ballast water treatment activity ("BIO-SEA"), which grew by 340% over the
period, and growth in the historic activities, as anticipated.
Change in half-year revenue by business segment
In EURm, at 30 June 2019 2018 Change
Ballast water treatment ("BIO-SEA") 4.3 1.3 +340%
Historic activities 3.7 3.6 +2%
TOTAL REVENUE 8.0 4.9 +64%
Further big increase in the BIO-SEA activity
Benefiting from a global regulation that requires all new ships - and from
September 2019, all existing ships - to have equipment to treat their ballast
water, BIO-UV Group again recorded a big increase in its order intake over the
In particular, BIO-UV Group signed several major new orders with several global
shipowners, including a framework contract for fittings extending from 2019 and
The activity's revenue accordingly increased by 340% to EUR4.3 million over the
period, confirming the expected surge in activity, as all vessels comprising
the existing global fleet begin the process of complying with the obligation,
starting in September of this year, of being fitted with a ballast water
Growth in historic activities driven by exports
As expected, the historic activities enjoyed traction from exports, which were
up 8%. The first-half trend is expected to gather pace in the second half.
France recorded stable revenue on a demanding comparison base, after a year of
significant growth of 20% in 2018.
2019 order backlog for the ballast water treatment activity: nearly EUR11
million, of which EUR3.8 million billable in 2019
With significant orders signed in the first half, BIO-UV Group has increased
its visibility for 2019 and beyond. As of 15 July 2019, the BIO-SEA activity's
backlog was nearly EUR11 million, of which EUR3.8 million billable in 2019.
This backlog, combined with the revenue recorded in the six months to 30 June
2019, already enables the Group to secure growth of more than 50% in 2019.
The historic activities also showed strong visibility driven by the welcome
given to the new product ranges launched in the early months of the year,
particularly in the recreational market in France and internationally.
Thanks to this successful first half, BIO-UV Group reaffirms its ambitions for
Next press release: 23 September 2019, first-half 2019 results
About BIO-UV GROUP
Created in 2000, BIO-UV Group designs, manufactures and markets innovative
ultraviolet water treatment systems. The range of equipment developed by the
Group is aimed at several markets:
- The recreative market, on which BIO-UV Group is no. 1 in France and in
Europe for UV water treatment in residential swimming pools, and for the
commercial and semi commercial community pool dechlorination market;
- The municipal and industrial markets, on which specific ranges have been
developed for applications such as: purification, effluent treatment,
wastewater reuse, process waters, aquaculture, etc.;
- The ballast water treatment market, which has benefited since 2017 from a
new international regulation requiring all ships to have equipment to treat
their ballast water.
BIO-UV Group has been granted the "Innovative Company" label by Bpifrance and
is eligible for the French "PEA-PME" investment scheme.