Brief: Delta Drone Announces FY Revenue Up 358.7 pct, Elements of Reorganisation Plan

Tonner Drones SA

22/01/2018 16:46

Jan 22 (Reuters) - DELTA DRONE SA  ALDR.PA : 
    * FY REVENUE EUR 6.3 MILLION 
    * FY REVENUE UP 358.7 PERCENT VERSUS LAST YEAR 
    * AIMS HIGH REVENUE INCREASE FOR FY 2018 
    * ANNOUNCES FIRST ELEMENTS OF PLAN FOR AN IMPLEMENTATION AS 
OF THE 
BEGINNING OF FY 2018 
    * FIRST ELEMENT: CLOSING OF BOULDER SITE (COLORADO, USA) 
    * SECOND ELEMENT: PROJECT TO SELL HYDROGEOSPHERE SUBSIDIARY, 
OPERATION SHOULD BE FINALIZED IN FY 2018 
    * THIRD ELEMENT: RELOCATION OF CO'S ENGINEERING SUBSIDIARY 
(FORMERLY CALLED FLY N 'SENSE) 
    * FOURTH ELEMENT : RELOCATION OF TECHNIDRONE UNIT, CLOSING 
OF BAIX 
SITE AND TRANSFER OF DARDILLY SITE 
    * IN TOTAL, NUMBER OF SITES IN FRANCE WILL THEREFORE 
DECREASE FROM 
11 TO 5 
    * FIFTH ELEMENT: REORGANISATION OF DELTA DRONE NETWORK IN 
FRANCE 
    * SIXTH ELEMENT : REDUCTION OF PRODUCTION PURCHASES 
    * SEVENTH ELEMENT : REDUCTION OF OTHER PURCHASES AND 
EXTERNAL 
CHARGES 
    * EIGHTH ELEMENT : DEPARTURE OF 5 EMPLOYEES (INCL. CEO IN 
CHARGE 
OF US DEVELOPMENT) 
    * THESE ELEMENTS SHOULD REPRESENT AS EARLY AS 2018 (IN FULL 
YEAR) 
GLOBAL SAVING OF EUR 1.5 TO 2 MLN 
 
Source text for Eikon:  ID:nGNE46j929  
Further company coverage:  ALDR.PA  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))