Earnings release
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ANTARES VISION GROUP PRESS RELEASE THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED REVENUES AS AT 30 SEPTEMBER 2021 3Q21 REVENUES € 44M + 24 % , 9M21 € 119M + 10 % 3Q21 LIFE SCIENCE + 25 % , EXTRA - LIFE SCIENCE + 24 % 9M21 GROUP ORDERS UP BY + 19 % FY 2021 GROWTH OF CONSOLIDATED REVENUES CONFIRMED AT THE LOWER END OF THE GUIDANCE 14 % - 19 % Travagliato ( Brescia ) , 12 November 2021 - The Board of Directors of Antares Vision Group - a leading global provider of hardware and software Track & Trace solutions ( anti - counterfeiting and supply chain transparency ) and one of the major players in inspection systems ( quality control ) and in smart data management ( maximized production efficiency and end - to - end digitalization of the supply chain , from raw materials to the final consumer ) approved today the Group's consolidated revenues for the third quarter ( " 3Q 2021 " ) / first nine months of 2021 ( " 9M 2021 " ) . Emidio Zorzella , Chairman and Joint - CEO of Antares Vision Group , commented as follows . " I am pleased with the results achieved in terms of revenues in the first nine months of 2021 , and in particular for 3Q21 , which showed a sharp boost in sales , up by over 24 % on a like - for - like basis , compared to + 4 % recorded for the first half of 2021 as a whole . The increase in orders obtained in the first half of the year is being transformed into a significant increase in sales , which we expect to continue in the last quarter of the year . The third quarter also marked a clear and significant inversion of the revenue trend for first installation Track & Trace products , recording a rise of 11 % yoy on a like - for - like basis , compared to the substantial fall recorded in the first half of the year . In the Life Science sector , this result was achieved thanks to a return to investments in the pharmaceutical industry . With regard to the Extra Life Science sector , the process of implementing Track & Trace regulations in Russia has continued without any delays : tracing will become obligatory for the mineral water , beer , soft drinks and fruit juice sectors by the end of 2021 - first half of 2022. Thanks to our experience and the technological solutions we offer , we expect to have a substantial market share , which will contribute to the Group's future growth . Given the results obtained and the increase in orders recorded for the first nine months , we expect consolidated revenues ( on a like - for - like basis ) to increase in FY2021 at the lower end of the guidance 14 % - 19 % " . ANALYSIS OF RESULTS FOR 3Q / 9M 2021 Orders In the first nine months of 2021 , the Antares Vision Group recorded a 19 % increase in orders ( like- for like scope of consolidation , vs. + 18 % in 1H 2021 ) . More specifically , the traditional Life Science