Groupe Gorge SA (FR:EXA) has released an update.
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Exail Technologies, a division of Groupe Gorge SA, reported a 5% revenue increase to €163 million and a 16% rise in order intake during the first half of 2024, despite a temporary stabilization in the Maritime robotics segment. The company saw robust growth in navigation systems, with new contracts worth €88 million, and a noteworthy improvement in cash collection levels without the usual seasonal working capital deterioration. Optimism remains for the second half of the year, with strong commercial activity and a significant sales pipeline indicating potential for higher revenue growth.
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