Brief: Parrot FY Net Loss Group Share Narrows To 38.2 Million Euros

Parrot SA

16/03/2018 06:42

March 16 (Reuters) - PARROT SA  PARRO.PA :
    * PARROT SAID ON THURSDAY ITS Q4 REVENUE WAS EUR 49.0 MLN VS
(RESTATED) EUR 68.5 MLN YEAR AGO 
    * FY EBIT LOSS EUR 69.3 MLN VS LOSS OF EUR 136.6 MLN YEAR
AGO  
    * FY NET LOSS GROUP SHARE EUR 38.2 MLN VS LOSS OF EUR 137.9
MLN
YEAR AGO
    * IN SHORT TERM, SEES ITS 2018 REVENUES AFFECTED BY RESIZING
OF
CONSUMER PRODUCT PORTFOLIO AROUND SCALED-BACK RANGE OF DRONES 
    * IN SHORT TERM, SEES CONTINUED REDUCTION IN SALES OF RETAIL
AUTOMOTIVE PRODUCTS 
    * 2018 GROSS MARGIN EXPECTED TO CONTINUE IMPROVING
    * FOR 2018 SEES CASH CONSUMPTION REQUIRED FOR DEVELOPMENT OF
DRONE
ACTIVITIES TO BE REDUCED

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE3jCyxw
    
 Further company coverage:  PARRO.PA  
   


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