Exail Q3 Revenue Rises 21%

French underwater drone maker Exail Technologies on Wednesday posted third-quarter revenue of €121 million ($134,60 million) euros, up 21% organically, driven by its maritime robotics and navigation systems business.

• Order intake rose 15% year-on-year to €97 million

• Navigation & Maritime Robotics revenue jumped 24% to €99 million

• Advanced Technologies revenue fell 7% to €26 million on a reported basis

• It, however, grew 12% organically, helped by photonics solutions, which benefited from strong demand for specialty optical fibers, modulation solutions, lasers and quantum instruments, the company said

• Exail confirmed its full-year targets

($1 = 0.90 euros)

(Reuters)