French drone maker Exail Technologies posts 17% rise in second-quarter revenue (updated)
UPDATE 1-French drone maker Exail Technologies posts 17% rise in second-quarter revenue Adds details in bullet points
July 23 (Reuters) - French underwater drone maker Exail Technologies EXA.PA on Thursday posted a 17% rise in second-quarter revenue to €144 million, driven by its navigation and maritime robotic segment.
Half-year order intake fell 63% to €228 million ($259.35 million) with the company citing the timing of large maritime robotics program notifications, the contribution of which can vary from year to year.
Navigation systems orders rose around 40%, photonics orders increased by 47%.
Order book of €1.02 billion at quarter-end.
Confirms full year guidance.
($1 = 0.8791 euros)
(Reporting by Hugo Lhomedet and Ronan Corcoran; Editing by Kirsten Donovan)
((hugo.lhomedet@thomsonreuters.com))
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