Skip to main content

PARROT: 2024 3rd quarter business

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

        PRESS RELEASE
        November 15, 2024 at 8:00am CET

2024 3rd quarter business

Consolidated revenues of €21,0 million (+39%)

The Parrot group, European leader for professional microdrones, recorded revenues of €21.0 million for the third quarter of 2024, with a +39% growth. The professional microdrones business is up +70% and the Photogrammetry business is up +4%. At this level of activity, the Group’s current operations are close to break even. Over 9 months, consolidated revenues came to €51.6 million, up +11%.

REVENUES
in € million and % of revenues		Q3 2023
3 months		Q3 2024(1)
3 months		ChangeFY 2023
12 month
 Professional microdrones(2)8,053%13,665%+70%33,251%
 Photogrammetry7,147%7,435%+4%31,849%
TOTAL PARROT GROUP(3)15,1100%21,0100%+39%65,0100%

(1) The 3rd quarter 20024 financial statements, reviewed by the Board of Directors on November 13, 2024, have not been audited.
(2) Including sales of legacy products: €0 in Q3 2023 and €0.6m in Q3 2024.
(3) Intra-group transactions and Parrot SA revenues (management fees) previously detailed systematically cancel each other out: they are no longer presented.

Professional microdrones business

The professional microdrone business totaled €13.6 million, or 65% of Group revenues. Growth of +70% over the period was driven by sales of the latest generation of ANAFI and continued strong performances from ANAFI USA, globally. Over 9 months 2024, revenues total €28.7 million, or a year-on-year increase of +23%.

Photogrammetry business

The photogrammetry business totaled €7.4 million, or 35% of Group revenues, up 4%. Sales momentum is gradually taking into account the innovations launched in the first half of 2024. Over 9 months 2024, revenues totaled €22.9 million, down 1% year-on-year.

Outlook

For 2024, the Group intends to confirm its growth momentum and continue to reduce its cash consumption.

Financial agenda

FY2024 earnings: Friday March 21, 2025, before the market.

ABOUT PARROT

Parrot is Europe’s leading commercial microUAV group. With a strong international presence, the Group designs, develops and markets a complementary range of micro-UAV equipment and image analysis software (photogrammetry) dedicated to companies, large groups and government organizations. Its offer is mainly centered on three vertical markets: (i) Surveillance and Public Safety, (ii) Inspection, 3D mapping and Geomatics, (iii) and Precision agriculture.

Its ANAFI range of microUAVs, recognized for their performance, robustness and ease of use, features an open source architecture and meets the highest cybersecurity standards. Its Pix4D photogrammetry software suite for mobile and drone mapping is based on advanced technical expertise and offers solutions tailored to the specificities of the verticals it addresses.

The Parrot Group, founded in 1994 by Henri Seydoux its Chairman, CEO and main shareholder, designs and develops its products in Europe, and is headquartered in Paris. Today, it has over 500 employees worldwide and carries out the vast majority of its sales internationally. Parrot has been listed on Euronext Paris since 2006 (FR0004038263 – PARRO). For more information: www.parrot.com, www.pix4d.com

CONTACTS

Investors, analysts, financial media
Marie Calleux – T.: +33 1 48 03 60 60
parrot@calyptus.net		Tech & corporate media
Chris Roberts – T.: +33 1 48 03 60 60
pr@parrot.com

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.