PARROT: 2024 3rd quarter business
November 15 2024 - 2:00AM
UK Regulatory
PARROT: 2024 3rd quarter business
PRESS
RELEASE
November
15, 2024 at 8:00am CET
2024
3rd
quarter business
Consolidated revenues of €21,0 million
(+39%)
The Parrot group, European leader for
professional microdrones, recorded revenues of €21.0 million for
the third quarter of 2024, with a +39% growth. The professional
microdrones business is up +70% and the Photogrammetry business is
up +4%. At this level of activity, the Group's current operations
are close to break even. Over 9 months, consolidated revenues came
to €51.6 million, up +11%.
REVENUES
in € million and % of revenues |
Q3 2023
3 months |
Q3 2024(1)
3 months |
Change |
FY 2023
12 month |
|
|
Professional
microdrones(2) |
8,0 |
53% |
13,6 |
65% |
+70% |
33,2 |
51% |
|
|
Photogrammetry |
7,1 |
47% |
7,4 |
35% |
+4% |
31,8 |
49% |
|
TOTAL PARROT
GROUP(3) |
15,1 |
100% |
21,0 |
100% |
+39% |
65,0 |
100% |
(1) The 3rd
quarter 20024 financial statements, reviewed by the Board of
Directors on November 13, 2024, have not been audited.
(2) Including sales of legacy products: €0 in Q3 2023 and
€0.6m in Q3 2024.
(3) Intra-group transactions and Parrot SA revenues
(management fees) previously detailed systematically cancel each
other out: they are no longer presented.
Professional microdrones
business
The professional microdrone business totaled
€13.6 million, or 65% of Group revenues. Growth of +70% over the
period was driven by sales of the latest generation of ANAFI and
continued strong performances from ANAFI USA, globally. Over 9
months 2024, revenues total €28.7 million, or a year-on-year
increase of +23%.
Photogrammetry business
The photogrammetry business totaled €7.4
million, or 35% of Group revenues, up 4%. Sales momentum is
gradually taking into account the innovations launched in the first
half of 2024. Over 9 months 2024, revenues totaled €22.9 million,
down 1% year-on-year.
Outlook
For 2024, the Group intends to confirm its
growth momentum and continue to reduce its cash consumption.
Financial agenda
FY2024 earnings: Friday March 21, 2025, before
the market.
ABOUT PARROT
Parrot is Europe's leading commercial microUAV
group. With a strong international presence, the Group designs,
develops and markets a complementary range of micro-UAV equipment
and image analysis software (photogrammetry) dedicated to
companies, large groups and government organizations. Its offer is
mainly centered on three vertical markets: (i) Surveillance and
Public Safety, (ii) Inspection, 3D mapping and Geomatics, (iii) and
Precision agriculture.
Its ANAFI range of microUAVs, recognized for
their performance, robustness and ease of use, features an open
source architecture and meets the highest cybersecurity standards.
Its Pix4D photogrammetry software suite for mobile and drone
mapping is based on advanced technical expertise and offers
solutions tailored to the specificities of the verticals it
addresses.
The Parrot Group, founded in 1994 by Henri
Seydoux its Chairman, CEO and main shareholder, designs and
develops its products in Europe, and is headquartered in Paris.
Today, it has over 500 employees worldwide and carries out the vast
majority of its sales internationally. Parrot has been listed on
Euronext Paris since 2006 (FR0004038263 - PARRO). For more
information: www.parrot.com, www.pix4d.com
CONTACTS
Investors,
analysts, financial media
Marie Calleux - T.: +33 1 48 03 60 60
parrot@calyptus.net |
Tech &
corporate media
Chris Roberts - T.: +33 1 48 03 60 60
pr@parrot.com |
- PARROT_CP_CA-T3-2024_20241115_EN
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