Groupe Gorge SA ( (GGRGF) ) has released its Q4 earnings. Here is a breakdown of the information Groupe Gorge SA presented to its investors.
Exail Technologies, a high-tech industrial company specializing in navigation systems and autonomous robotics, has reported a robust financial performance for 2024. The company, which operates in both civil and military sectors, has shown significant growth across its key financial metrics, driven by strong market trends, particularly in the defense sector.
In 2024, Exail Technologies achieved a record order intake of €451 million, marking a 39% increase from the previous year, with 60% of these orders coming from the defense sector. The company’s revenue grew by 16% to €373 million, and its current EBITDA improved by 13% to €74 million. Notably, the second half of the year saw a 25% increase in revenue and a 37% rise in current EBITDA compared to the same period in 2023.
The company also reported a significant reduction in net debt, which fell to €145 million by the end of 2024, and a record operating cash flow of €91 million for the year. Exail Technologies has positioned itself as a key player in the defense market, securing a major contract for autonomous drone systems for mine countermeasures, which is expected to boost its backlog beyond one billion euros.
Looking ahead, Exail Technologies is optimistic about its growth prospects, supported by increasing defense spending in Europe and its strategic positioning in emerging markets such as Maritime Domain Awareness. The company aims for double-digit revenue growth and an even higher increase in current EBITDA for 2025, leveraging its strong order backlog and recent commercial successes.