Drone Volt terminates the convertible bond financing contract – 2023-03-02 at 18:30

(AOF) – Drone Volt, expert in embedded artificial intelligence and manufacturer of professional civilian drones, announces the end of its convertible bond financing contract signed with Atlas Special Opportunities in September 2020, with the drawing of the last 3 tranches. This latest printout comes at a time when the group anticipates taking significant new orders and wishes to strengthen its stocks to respond quickly to demand.

As such, Drone Volt announced on February 22 that it had signed the largest order in its history, worth more than 20 million euros. This order must be delivered and invoiced during the first half of 2023. This order alone represents more than the turnover achieved by Drone Volt for the whole of 2022 (13.3 million euros).


Growth of the French market in value

According to the Gfk institute, the sector generated sales of 4.8 billion euros in 2021, up 2% compared to 2020. The product families that benefited from the best performance are in particular helmets and accessories as well as televisions. However, while the French consumer electronics market grew in value last year, it fell in terms of volumes (-2% with 51 million units sold). This trend can be explained by a move upmarket in products: Bluetooth speakers are more powerful or even television sets use more innovative technologies. Thus the development of technologies that improve image resolution (Oled, Qled, miniled) and the size of screens have caused an increase of more than 20% in the average price. Consumers are also looking for more sustainable products.

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