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BALYO BALYO reports third - quarter 2021 revenue of € 5.8 million and strong growth in order intake • Order intake of € 6.9 million , a substantial increase of 91 % • • Order backlog¹ of € 10.3 million at September 30 , 2021 , up 16 % Nine - month 2021 revenue up 2 % to € 15.4 million Ivry - sur - Seine , France , October 28 , 2021 , 5:45 pm CEST - BALYO ( FR0013258399 , Ticker : BALYO , eligible for PEA - PME savings schemes ) , a technological leader in the design and development of innovative robotic solutions for material handling trucks , is today announcing its sales for the first nine months of 2021 . Pascal Rialland , CEO and Chairman of BALYO , commented : " BALYO's dynamic growth continued into the past quarter , as reflected by the strength of the order intake , especially in the United States , which will help to power our future growth . Direct sales played a key role in this impressive sales performance . Our effective product positioning - especially in reach truck and VNA robots with performance levels unmatched in the market - contributed to this acceleration . As a result , the recent fundraising of € 6.1 million provides the Company with the necessary means to accelerate the sales momentum while meeting the growing demand from international customers seeking to raise their logistics performance " . In thousands of Q3 2020 Q3 2021 9M 2020 9M 2021 Change Q3 2021 / Q3 Change 9M 2021 / 9M euros 2020 2020 EMEA region 5,115 5,393 12,442 14,057 + 5 % + 13 % Americas region 639 392 1,559 1,203 -39 % -23 % APAC region 651 -6 1,076 140 -101 % -87 % Sales revenue 6,404 5,778 15,070 15,400 -10 % + 2 % reported * * Unaudited data Third quarter 2021 business activity BALYO reported revenue of € 5.8 million in the third quarter of 2021 , down 10 % compared to the third quarter of 2020. Over the first nine months of the year , revenue amounted to € 15.4 million , an increase of +2 . After including third quarter 2021 orders of € 6.9 million , the order backlog totaled € 10.3 million at September 30 , 2021 , compared with € 8.9 million a year earlier . Governance Pascal Rialland was reappointed as Chairman of the Board of Directors for an indefinite term . Post - closing event : completion of a capital increase through private placement To capitalize on the growing interest among logistics providers for its innovative robotic solutions , the Company strengthened its financial resources through a private placement that enabled a capital increase of € 6.1 million . This additional capital will help to accelerate BALYO's 1 The order backlog represents all project orders received but not yet delivered . The order backlog fluctuates every quarter as a function of the new orders logged , the revenue recorded on projects during the period and orders cancelled . 1/2