Press release
DRONE VOLT
Record 2022 revenues, up 53%,
well above latest targets
Villepinte, January 18, 2023
- Annual Turnover of 13.4 million euros, exceeding the target of more than 10 million euros;
- Successful diversification of the customer portfolio in Europe after the successful integration of Skytools;
- Gross margin impacted in the short term by the evolution of the product mix before the ramp-up of DRONE VOLT's product and service sales to new customers;
- Ambition to improve the product mix in 2023 with the commercial launch of the LINEDRONE2 below and the development of the "Drone as a Service" offer.
DRONE VOLT, expert in embedded artificial intelligence and manufacturer of professional civil drones presents its annual turnover for 2022.
Unaudited data in euros - IFRS | 2021 | 20222 | Variation |
Turnover | |||
Including DRONE VOLT FACTORY, SERVICES & ACADEMY | 3 650 | 1 701 | -53% |
Including third-party brands | 5 073 | 11 672 | 130% |
TOTAL | 8 723 | 13 373 | 53% |
Gross margin | |||
Including DRONE VOLT FACTORY, SERVICES & ACADEMY | 2 057 | 1 060 | -48% |
Including third-party brands | 857 | 1 698 | 98% |
TOTAL | 2 914 | 2 758 | -5% |
Gross margin rate | |||
Including DRONE VOLT FACTORY, SERVICES & ACADEMY | 57% | 62% | + 5 points |
Including third-party brands | 17% | 15 % | - 2 points |
TOTAL | 35% | 21% | - 14 points |
"We had an exceptional end of the year in terms of sales and I would like to congratulate the teams who worked tirelessly until the last day. We have reached a milestone in our development with a turnover well above 10 million euros, which was an ambitious objective. This performance is all the more remarkable since we have stopped billing our partner in North America for licensing services.
- Drone designed for complex inspection of high voltage power lines. It allows to detect energy losses in an electrical network in order to determine with precision the maintenance needs.
- Figures including the contribution of the Dutch company SKYTOOLS since January 18, 2022.
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Press release
- The "Drone as a Service" offer based on invoicing per use and not per possession of its unique products. This strategy will facilitate commercial deployment by replacing the significant investment for the customer with a charge that is largely covered by the resulting benefits.
These new offers have also marked an important step for DRONE VOLT in the field of extra- financial commitments (ESG) with a strengthening of the safety of customers' missions (LINEDRONE) and the shared use of drones for several customers (Drone as a Service).
In this context, DRONE VOLT aims to significantly improve its product mix.
Next release: Fiscal 2022 results, Wednesday, March 15, 2023
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About DRONE VOLT
Founded in 2011, DRONE VOLT is an aeronautical manufacturer specialized in professional civil drones and artificial intelligence.
DRONE VOLT has operations in France, Benelux, Canada, Denmark, the United States, Switzerland and Indonesia. As a global partner, DRONE VOLT offers its customers "turnkey" business solutions including various services and drone pilot training.
The DRONE VOLT Group, a member of GICAT, had a turnover of 13.4 million euros in 2022.
DRONE VOLT supplies administrations and industrialists such as the French Army, the Ministry of the Armed Forces, Engie, Total, Bouygues ES, ADP, the Gendarmerie des Transports Aériens (GTA), international governmental agencies… DRONE VOLT is qualified as an "Innovative Company" by Bpifrance
DRONE VOLT is listed on the Euronext Growth market in Paris:
Action: Mnemonic: ALDRV.PA - ISIN code: FR0013088606 - Eligible: PEA, PEA-SME
More information on: www.dronevolt.com
Contacts :
Investor Relations | Media Relations FINANCE | Media Relations GENERAL PUBLIC & PROFESSIONALS |
DRONE VOLT | ACTUS finance & communication | DRONE VOLT |
Sylvain Navarro - T: +33 7 88 87 50 88 | Manon Clairet - T : +33 1 53 67 36 73 | Céline Vergely - T : +33 6 08 42 75 84 |
finance@dronevolt.com | dronevolt@actus.fr | celine@dronevolt.com |
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Drone Volt SA published this content on 25 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2023 10:56:02 UTC.