Exail Technologies Q3 revenue rises 21% on maritime robotics, photonics strength 

By Reuters News

Oct 14 (Reuters) - French underwater drone maker Exail Technologies EXA.PA on Wednesday posted third-quarter revenue of €121 million ($134,60 million) euros, up 21% organically, driven by its maritime robotics and navigation systems business.

  • Order intake rose 15% year-on-year to €97 million

  • Navigation & Maritime Robotics revenue jumped 24% to €99 million

  • Advanced Technologies revenue fell 7% to €26 million on a reported basis

  • It, however, grew 12% organically, helped by photonics solutions, which benefited from strong demand for specialty optical fibers, modulation solutions, lasers and quantum instruments, the company said

  • Exail confirmed its full-year targets

($1 = 0.90 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.