Exail Technologies tumbles as H1 earnings miss overshadows upbeat outlook

Exail Technologies SA

16/09/2025 08:35

** Shares in Exail Technologies EXA.PA drop more than 13% after the French underwater drone maker's H1 earnings missed analysts' estimates

** Exail's H1 EBITDA stands at 44 million euros ($51.89 million), below the figures expected by both Midcap Partners and Portzamparc analysts

** Midcap Partners says, however, the EBITDA miss is due to temporary product mix and capacity costs, which will not be there in H2

** The broker expects sales, profitability and cash flow to keep rising in H2, mainly thanks to new robotics contracts

** Its financial leverage is limited but the outlook remains exceptional, adds Portzamparc

** Exail Technologies' shares, which will be included in France's SBF120 index .SBF120 as of Sept. 22, have soared about 586% so far this year

** They head for their largest single-day drop in 5 months if losses hold

($1 = 0.8479 euros)

(Reporting by Gianluca Lo Nostro)

((gianluca.lonostro@thomsonreuters.com;))