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

By Reuters News

- 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 service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk