Exail Technologies has announced that it generated revenues of 104 million euros in the fourth quarter of 2023, an increase of 18% year-on-year, bringing the total for the year to date to 323 million, up 16%.

Buoyed by the good momentum in its markets, the former Groupe Gorgé boasted 124 million euros in new orders in the fourth quarter, including a new underwater mine countermeasures contract in the United Arab Emirates worth 28 million.

Exailing that it 'should benefit from the good momentum of its markets, both in the defense sector and for civil applications, and from its high order backlog', Exail is targeting a double-digit increase in sales in 2024.

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