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

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

- 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)


(Reporting by Hugo Lhomedet and Matthieu Huchet in Gdansk; Editing by Joyjeet Das)

((hugo.lhomedet@thomsonreuters.com))

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