on STORE ELECTRONIC SYSTEMS (SES) (EPA:SESL)
STORE ELECTRONIC SYSTEMS: Growth and Outlook for 2026
STORE ELECTRONIC SYSTEMS announces revenue of €289 million for the first quarter of 2026, reflecting growth of 34% under IFRS and 26% on an adjusted basis. Value-added solutions (VAS) also saw growth, representing €51 million (+53%). Partnerships with Carrefour and Walmart played a central role in this momentum.
The 2026 targets are confirmed, with a projected increase in revenue of 15% to 20% and in value added (VAS) of 40%. The adjusted EBITDA margin is expected to increase by more than 100 basis points. VusionCloud's installed base has reached 435 million electronic labels.
The first quarter was also marked by significant signings, notably with Carrefour to digitize its stores in France and an expanded partnership with Walmart in Mexico. The Americas and Asia-Pacific region remains the most dynamic, generating 66% of quarterly revenue.
R. P.
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