Exail Technologies shares jump on 52% rise in Q2 sales
24/07/2025 09:32
** Shares in Exail Technologies EXA.PA jump over 8% after the French high-tech industrial group reported a 52% rise in Q2 sales as geopolitical tensions fuel military spending in Europe ** The co posted a quarterly revenue of 126 million euros ($148.21 million), beating Midcap Partners' estimate of 102 million ** Exail also confirmed its 2025 targets ** "This stellar publication implies that we will clearly exceed the 2024 growth rate," Midcap says, adding that H2 growth of 15.1% is "well within reach" ** The brokerage notes Navigation business (+56% in Q2 revenue) saw an acceleration of deliveries of marine robotics for the French Navy, the mine countermeasure program in the Benelux (BENL) and the United Arab Emirates ** Shares, which rose almost 500% so far this year, are on track for their best day in over three weeks ($1 = 0.8501 euros) (Reporting by Olivier Cherfan) ((olivier.cherfan@thomsonreuters.com))