It is thanks to the commitment of all the teams that this performance has been achieved in a context of increased tensions on the supply chain. All sectors, markets and customers also contributed to a strong acceleration in demand. In Q4, order intake reached a new high, as did the orderbook with an all-time high of €3 billion. The industrial organisations are designed to meet the demand of our customers in an environment of supply chain pressures and price inflation. In view of these factors, the group expects its turnover to grow by more than 20% compared to 2021.”

Net sales by division
In millions of euros	Quarter			Full-year period
	Q4 2020	Q4 2021	Var %	2020	2021	Var %
Product division	353	382	8%	1 285	1 535	19%
S&S	79	91	16%	300	340	13%
Total	432	473	9%	1 585	1 875	18%

Net sales by region
In millions of euros	Quarter			Full-year period
	Q4 2020	Q4 2021	Var %	2020	2021	Var %
Southern Europe	155	158	2%	555	602	8%
Northern Europe	152	178	17%	584	750	28%
Americas	80	81	2%	296	335	13%
APAM	45	56	23%	150	188	25%
Total	432	473	9%	1 585	1 875	18%

* like-for-like basis, at constant scope and exchange rates :
- scope: there is no acquired or exiting company in 2020 and 2021
- application of the previous year's exchange rate to the current year's aggregates

Business review by division

The Product Division (combining the former MHA and CEP divisions) achieved quarterly sales of €382 million, up 8% on Q4 2020 and 19% year-on-year (+20% at constant exchange rates and scope). All operations focused on accelerating production rates and managing the supply chain in a disrupted context.

With revenues of €91 million, the Services & Solutions Division (S&S) recorded a 16% increase in activity compared to Q4 2020 and 13% over 12 months (+13% at constant exchange rates and scope). All of the division's activities recorded sustained growth rates in line with their own market dynamics.