A robust first half of 2024 : +16% in order intake and +5% in revenue

Exail Technologies achieved a revenue of €163 million in the first half of 2024, marking an increase of 5% compared to the first half of 2023. This performance is below the annual target, primarily due to stability in the Maritime robotics segment as the company prepares and awaits new significant orders. Demonstrating resilience, the group was able to partially offset these effects by ensuring superior growth in navigation systems. Exail can therefore rebound in the second half of the year and should generate a higher revenue growth already in the third quarter.

Order intake for the semester grew by 16%, with €162 million signed since the beginning of the year. Orders in the Navigation & Maritime robotics segment, which represents the majority of activities, drive performance with a 25% increase. Commercial activity remains strong and the sales pipeline is significant. Some processes have advanced to contractual negotiations and could be signed very shortly.

Among the notable successes of the first half, Exail achieved a cash collection level exceeding expectations. The working capital requirement (WCR) did not experience the significant and traditional seasonal deterioration typical for the group this semester. This is one of the effects of policies implemented to improve cash generation and the debt reduction, which continues in 2024.