Results and outlook
During the financial year, the business unit saw its revenue rise slightly. Falling revenue from the SENSIT proposition, partly due to limited availability of components, put a brake on overall revenue growth generated by the readers proposition. In 2023, Identification Systems expects both the
reader portfolio and MOOV to generate growth. On top of that, the business unit expects to be able to further optimise the portfolio, bolster commercial activities, and further streamline operational processes.