Parrot: reduced first-half losses

(CercleFinance.com) - Parrot reports first-half 2024 net income of -10.
1 million euros, compared with -22.5 million at June 30, 2023, with operating income before non-recurring items down from -18.5 to -9.7 million, helped by an 18% reduction in operating expenses.

Sales fell by 3% to 30.6 million euros, with a gross margin of 82.7%, benefiting in particular from a favorable product mix, linked to the increased share of new-generation microdrones and solutions.

The effective implementation of the strategic plan for 2023, coupled with rigorous management of operations and investments, provides the Group with the financial capacity to pursue its development ambitions", says Parrot.

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