Parrot: larger losses in 2023

(CercleFinance.com) - Parrot loses 4% after reporting a net loss, group share, widened by 66% to 32.
4 million euros for fiscal year 2023, as well as a current operating loss up 44% to 27.3 million.

The supplier of professional microdrones reported sales of 65 million euros, down 10% (-8% at constant exchange rates), after strong growth in 2022 (+32%), 'illustrating the current volatility in a changing and complex environment'.

Parrot stresses that its operating expenses fell by more than 11 million euros between the first and second halves of the year, 'in line with expectations, to reach by the end of 2023 a level in line with the Group's development ambitions'.

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