(CercleFinance.com) – Parrot announced Thursday that it had achieved consolidated turnover of 15.1 million euros in the 3rd quarter, down 31% year-on-year due to a base of comparison deemed unfavorable.
Over nine months, the turnover of the specialist in professional microdrones fell by 11%, to 46.7 million euros, due to delays in orders and significant deliveries of equipment.
The group also reaffirmed its annual outlook communicated last month, namely a turnover of at least 60 million euros, compared to 71.9 million in 2022, a drop of around 16%.
In its press release, the group recalls having taken measures to reduce its cash consumption, pending a resumption of its growth, expected in the first half of 2024.
Listed on the Paris Stock Exchange, Parrot shares rose more than 3% on Thursday following these announcements.