Crypto, Personal Finance, Technology, Tools

Galileo FX Breaks New Ground in Crypto Trading Accuracy

In a game-changing development for the cryptocurrency market, Galileo FX, a leader in automated trading solutions, has announced a significant breakthrough. The company’s advanced algorithm has achieved an astonishing 99% accuracy rate, setting a new industry standard and positioning Galileo FX at the forefront of crypto trading technology.

Galileo FX’s cutting-edge algorithm has shown remarkable performance across major cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. These digital assets are the mainstay of Galileo FX’s trading strategies.

From January 2024 to June 2024, Galileo FX underwent rigorous testing, demonstrating its superior predictive capabilities in a variety of market conditions. During this period, the trading bot executed over 10,000 trades with an extraordinary success rate.

High-Risk Strategies Yield High Rewards

For investors willing to take on higher risks, Galileo FX delivered impressive results. Despite drawdowns of up to 25%, the system maintained exceptional accuracy and profitability. This strategy proved highly effective during volatile market periods, capitalizing on significant price swings. Users reported gains of over 200% within three months. John L., an early adopter of this high-risk strategy, said, “The returns have been phenomenal. I’ve never seen anything like it.”

Balanced Strategies for Steady Returns

For those preferring a balanced approach, Galileo FX offered consistent profits with drawdowns around 15%. This strategy combines security with substantial returns, adaptable to varying market conditions. Users experienced steady growth, with average monthly returns of 15%. Sarah M., who opted for a moderate-risk strategy, noted, “It’s the perfect balance for me. I feel secure yet still see impressive returns.”

Conservative Strategies for Reliable Growth

For conservative investors seeking steady growth, Galileo FX provided stable performance with minimal drawdowns of 5%. This approach ensured capital preservation while delivering reliable gains, averaging monthly returns of 5%. Michael R., a cautious investor, commented, “Galileo FX gives me peace of mind and consistent growth, exactly what I need.”

Automated Trading vs. Traditional Investing

Using a trading bot like Galileo FX is a fundamentally different approach compared to traditional investing. A trading bot actively scans the market and executes trades automatically based on predefined algorithms. This method allows for a high volume of trades, enabling investors to capitalize on small price movements and potentially generate substantial profits. The bot’s ability to operate 24/7 ensures that trading opportunities are never missed.

In contrast, traditional investing typically involves buying and holding assets over a longer period, relying on gradual appreciation rather than frequent trades. This approach requires less active management and is associated with lower risk and steadier, long-term gains.

Galileo FX bridges the gap by offering an automated solution that leverages the benefits of trading bots while minimizing the need for constant manual oversight. This innovation provides everyday investors with the potential for higher returns without the intensive time commitment typically required for active trading.

Galileo FX invites investors of all experience levels to explore its state-of-the-art trading bot and experience the benefits of its highly accurate trading solutions.

For more information, please visit Galileo FX’s official website or contact the sales team at: sales@galileofx.com.

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Equasens: 2024 half-year results

2024-09-27T16:00:00Z

Villers-lès-Nancy, 27 September 2024 - 6:00 p.m. (CET)

PRESS RELEASE

2024 half-year results

  • Group results impacted by weaker economic conditions and continuing investment efforts in H1:
    • Revenue: €108.0m, -4.1%
    • Current Operating Income: €20.9m, -24.1%
  • Net Profit attributable to the Group: €17.2m, -21.8%
  • Though with a profit margin that continues to be very positive:
    • Ratio of Current Operating Income (COI) to Sales: 19.3% on a reported basis and 20.0% like-for-like
H1 RESULTS (€M)2023
reported basis
2024
reported basis
Change / Reported basisExternal growthChange / Like-for-like basis
Revenue112.6108.0-4.6-4.1%-3.7-8.3-7.4%
Current operating income (COI)27.520.9-6.6-24.1%0.0-6.7-24.3%
Net Profit22.918.1-4.8-21.0%0.0-4.8-21.1%
Net Profit attributable to the Group22.017.2-4.8-21.8%   

The financial statements for the six-month period ended 30 June 2024 were reviewed and adopted by EQUASENS' Board of Directors, chaired by Thierry Chapusot, on 27 September 2024. These interim consolidated financial statements were subject to a limited review by the Statutory Auditors.

_____

Results at 30 June 2024

H1 Current Operating Income / Division2023
reported basis
2024
reported basis
Change / Reported basisExternal growthChange / Like-for-like basis
Pharmagest18.414.1-4.3-23.5%-0.1-4.4-24.0%
Axigate Link4.64.4-0.2-4.9% -0.2-4.9%
e-Connect3.62.5-1.1-29.9% -1.1-29.9%
Medical Solutions1.30.0-1.3-100.0%0.1-1.2-92.5%
Fintech-0.4-0.10.369.3% 0.3-69.3%
Current Operating Income27.520.9-6.6-24.1%0.0-6.7-24.3%
  • PHARMAGEST division: a contraction in earnings reflecting lower sales and reinforced teams in Europe (COI/Sales: 17.2%)

The decline in the Division's operating income is mainly attributable to a reduction in sales in France in the configuration and hardware segment. In a persistently challenging economic environment, the Division continued to focus its commercial strategy on acquiring new customers and regularly rolling out new software and hardware solutions.
Despite this, recurring revenues were bolstered by the combined contribution of new SaaS offerings and contract indexation.
To accelerate the deployment of solutions in Europe, the R&D and sales teams continued to be strengthened.

  • AXIGATE LINK division: the profit margin remains high (COI/Sales: 28.6%)

Strategic investments to support the roll-out of SaaS solutions such as TitanLink for Nursing Homes in Europe, and the extension of homecare services, have temporarily weighed on the Division's results.

  • E-CONNECT division: current operating income declined in response to lower sales (COI/Sales: 45.4%)

As previously reported, H1 2023 sales and earnings were boosted by the announced discontinuation of sales of Application Reader Terminals.
The downturn in business in the first half of 2024 thus reflected the corresponding decline in sales.
Despite this unfavourable environment, the Division demonstrated its ability to adapt by maintaining a healthy profit margin based on tight cost controls.

  • MEDICAL SOLUTIONS division: a year of transition between the Ségur digital healthcare investment programme and a new software solution (COI/Sales: -)

Preparations for the Division's future involving the development of a new software platform and optimising the sales organisation led to significant investments which, in conjunction with lower sales following the end of the Ségur programme roll-out, weighed on the Division's results. Recurring revenues rose 13.7%, resulting in a gross margin of 72.8%.

  • FINTECH division: efforts to stabilise the business paid off in H1, with an improvement in earnings of €0.3m (COI/Sales: -)

Consolidated balance sheet highlights

  • Cash flow after interest and tax maintained a positive trend at €20.8m.
  • Financial investments, through acquisitions as well as capital expenditures, in particular for the EQUASENS private healthcare cloud, continued, with more than €16.0m committed in H1.
  • The net financial surplus at 30/06/2024 of €87.9m takes into account a change in presentation of IFRS 16 lease liabilities and put options for minority shareholders of €10.8m (recognised under other liabilities versus financial liabilities previously).

2024 outlook

  • The Group maintains its forecast for a return to revenue growth starting in the second half of 2024, and an acceleration in 2025 driven by current investments and an economic climate that looks set to improve, particularly for pharmacies in France.
  • The Group will continue to invest in R&D, infrastructure and sales forces in France and Europe in the second half of 2024. And while this will have a temporary impact on profitability in 2024, it should generate a return on investment from 2025 onwards.
  • With a strategy focused on patients and interoperability, the Group is ideally positioned to seize opportunities for external growth in France and Europe.

Financial calendar:

  • 1 October 2024: Presentation of H1 2024 results
  • 7 November 2024: Publication of Q3 2024 revenue
  • 6 February 2025: Publication of f Q4/FY 2024 revenue

About Group Equasens

With more than 1,300 employees, Equasens Group is today a key player in the European healthcare sector, providing software and hardware solutions to all healthcare professionals (pharmacists, primary care practitioners, hospitals, hospital-at-home programmes, retirement homes, health centres) in both primary and secondary care sectors.

With operations in in France, Germany, Great Britain, Belgium, Ireland, Italy, and Luxembourg, Equasens Group today brings together healthcare professionals within a unique ecosystem in France and Europe benefiting people by making available the very best of technology.

Listed on Euronext Paris™ - Compartment B

Indexes: MSCI GLOBAL SMALL CAP - GAÏA Index 2020 - CAC® SMALL and CAC® All-Tradable
Included in the Euronext Tech Leaders segment and the European Rising Tech label

Eligible for the Deferred Settlement Service (“Service à Réglement Différé” - SRD) and equity savings accounts invested in small and mid caps (PEA-PME).
ISIN: FR 0012882389 – Ticker Code: EQS

Get all the news about Equasens Group www.equasens.com and on LinkedIn

CONTACTS

Analyst and Investor Relations:
Chief Administrative and Financial Officer: Frédérique Schmidt
Tel: +33 (0)3 83 15 90 67 - [email protected]

Financial communication agency:
FIN’EXTENSO - Isabelle Aprile

Tel.: +33 (0)6 17 38 61 78 - [email protected]

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