French ballast water treatment systems producer BIO-UV Group has reported a 31% increase in revenues from its maritime business segment, contributing to full-year consolidated revenues of €51.5m for the 2022 financial year.
The Euronext Paris listed company confirmed the sale of more than 200 BIO-SEA ballast water treatment systems throughout the course of the year, with potential sales going into the 2023/2024 period remaining high.
Benoît Gillmann , Founder, Chairman, and CEO of BIO-UV Group said 2022 was another year of very strong growth for BIO-UV Group, for both the Land and Marine divisions.
“The BIO-UV Group is holding its course for strong growth despite rough seas thanks to the dedication and efficiency of its staff.
“Ultimately, targets were exceeded with €1.5 million more in sales than the €50 million we had anticipated. This is well above the roadmap figure announced in 2018 at the time of the IPO,” Gillman said.
“ More than ever, we intend to focus on our strategic areas: recreation, wastewater recovery (“REUSE”), maritime, aquaculture, and industry.”
BIO-UV Group manufactures, delivers and services BIO-SEA ballast water treatment units for flow rates ranging from 13m3/h up to 2100m3/h. The company offers complete turnkey BWTS services with installations on containerships, bulk carriers, multi-cargo vessels, cruiseships, passenger ferries, offshore vessels, naval ships and mega-yachts.