Logic Instrument announced on Tuesday that it had posted a positive net result in 2022, a performance that enabled the stock of the manufacturer of rugged notebooks and tablets to climb by more than 14% on the Paris Bourse.

The group posted a positive net result of 24,000 euros for the 2022 financial year, compared with a loss of 840.000 euros at the end of 2021.

Sales rose by 26% to 9.9 million euros, reflecting the gradual recovery of customer business, particularly in Germany, as well as in export markets (customers in the USA and Turkey).

Gross margin improved by 28% to over three million euros, for a margin rate up 0.6 points to 30.3%.

In a press release, the Archos subsidiary claims to have a "healthy" balance sheet, having managed to limit the impact of the Covid pandemic.

With regard to its outlook, Logic considers that the geopolitical context is favorable to its activities in the defense sector, with an increase in investment budgets in Europe, and in particular a major project in Germany which will be invoiced in the first half of 2023.

As a reminder, the company has been in discussions with Glacier Computers since the end of 2022, with a view to acquiring this Boston-based company.

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