H1 2023 results: €154 million in revenue and 21% in current EBITDA margin

Financial results at a good level

• Revenues: +14% in the 1^st half, with an acceleration in the second quarter (+19%)
• Profitability: current EBITDA of €32 million, or 21% margin
• Net income of +€26 million
• Cash flow from operations of +€28 million

€139 million in order intake

• Good performance in short-cycle activities, especially navigation systems
• Commercial activity remains intense on ongoing tenders
• A backlog of €614 million

Outlook confirmed

• The group’s markets remain well oriented, both in Defence and Civil sectors
• R&D efforts, through numerous projects, are maintained to renew our products and conquer new markets

2023 guidance confirmed: revenue growth >15%.