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Groupe Gorge SA ( (FR:EXA) ) just unveiled an update.
Exail Technologies has reported strong growth in both revenue and orders, driven largely by its defense sector operations. In 2024, the company secured €451 million in orders, a 39% increase from the previous year, with 60% of these related to defense. The fourth quarter alone saw €145 million in orders and a significant gain from a major robotics program, marking a transformative period for the group. The company’s annual revenue grew by 16%, with significant contributions from its Navigation & Maritime Robotics and Advanced Technologies segments. Additionally, Exail reduced its net debt by approximately €80 million since acquiring iXblue in 2022, reflecting improved cash management and operational efficiencies.
More about Groupe Gorge SA
Groupe Gorgé SA operates primarily in the defense sector through its subsidiary, Exail Technologies, focusing on advanced technologies, navigation, and maritime robotics. The company is known for its autonomous systems used in underwater mine warfare and hydrography applications, serving markets with a strategic emphasis on defense.
YTD Price Performance: 11.07%
Average Trading Volume: 198
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $450.4M
See more data about EXA stock on TipRanks’ Stock Analysis page.
