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Parrot SA (PARRO.PA)

PARRO.PA on Paris Stock Exchange

4.28EUR
15 Nov 2018
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€0.03 (+0.71%)
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Latest Key Developments (Source: Significant Developments)

Parrot FY Net Loss Group Share Narrows To 38.2 Million Euros
Thursday, 15 Mar 2018 

March 16 (Reuters) - PARROT SA ::PARROT SAID ON THURSDAY ITS Q4 REVENUE WAS EUR 49.0 MLN VS (RESTATED) EUR 68.5 MLN YEAR AGO .FY EBIT LOSS EUR 69.3 MLN VS LOSS OF EUR 136.6 MLN YEAR AGO .FY NET LOSS GROUP SHARE EUR 38.2 MLN VS LOSS OF EUR 137.9 MLN YEAR AGO.IN SHORT TERM, SEES ITS 2018 REVENUES AFFECTED BY RESIZING OF CONSUMER PRODUCT PORTFOLIO AROUND SCALED-BACK RANGE OF DRONES .IN SHORT TERM, SEES CONTINUED REDUCTION IN SALES OF RETAIL AUTOMOTIVE PRODUCTS .2018 GROSS MARGIN EXPECTED TO CONTINUE IMPROVING.FOR 2018 SEES CASH CONSUMPTION REQUIRED FOR DEVELOPMENT OF DRONE ACTIVITIES TO BE REDUCED.  Full Article

Parrot: Q3 revenue down at EUR 39.2 million, full-year targets confirmed
Monday, 13 Nov 2017 

Nov 13 (Reuters) - PARROT SA : :FULL-YEAR TARGETS CONFIRMED‍​.Q3 REVENUE EUR 39.2‍​ MILLION VERSUS EUR 41.5 MILLION RESTATED YEAR AGO.Q3 NET LOSS GROUP SHARE EUR ‍​14.1 MILLION.Q3 EBIT LOSS EUR 12.6‍​ MILLION.FULL-YEAR AMBITIONS CONFIRMED FOR COMMERCIAL DRONES‍​.  Full Article

Parrot H1 operating loss narrows to 42.3‍​ million euros
Tuesday, 22 Aug 2017 

Aug 22 (Reuters) - PARROT SA ::H1 NET LOSS GROUP SHARE EUR 2.0 MILLION VERSUS LOSS OF EUR 67.2 MILLION YEAR AGO.H1 OPERATING LOSS EUR 42.3‍​ MILLION VERSUS LOSS OF EUR 67.7 MILLION YEAR AGO.SEES A DECREASE IN GENERAL PUBLIC PRODUCTS SALES AND A CONTINUED ANNUAL INCREASE IN BUSINESS SOLUTIONS.  Full Article

Parrot Q2 revenue at EUR ‍​35.1 million, FY 2017 outlook confirmed
Friday, 28 Jul 2017 

July 28 (Reuters) - PARROT SA : :Q2 REVENUE EUR ‍​35.1 MILLION VERSUS EUR 40.5 MILLION YEAR AGO.FULL-YEAR TARGETS CONFIRMED‍​.CURRENTLY LOOKING INTO PROPOSAL FOR JV TO DEVELOP BUSINESS WITH DEDICATED LIGHT DRONES FOR THE SECURITY AND DEFENSE MARKET.FOR H2: WILL RECORD CONTRACTION IN SALES OF CONSUMER PRODUCTS AND CONTINUED YOY AND QUARTER-ON-QUARTER GROWTH FOR BUSINESS SOLUTIONS.  Full Article

Parrot says U.S. patent case against Parrot dismissed
Monday, 22 May 2017 

May 22 (Reuters) - Parrot SA ::U.S. PATENT CASE AGAINST PARROT DISMISSED.  Full Article

Parrot Q1 revenues up at 28.6 million euros
Monday, 15 May 2017 

May 15 (Reuters) - PARROT SA :Q1 REVENUES EUR 28.6 MILLION VERSUS EUR 16.0 MILLION YEAR AGO.Q1 EBIT (RESTATED) EUR 11.0 MILLION VERSUS LOSS OF EUR 38.9 MILLION QUARTER AGO.Q1 COMMERCIAL DRONES ACCELERATING (REVENUES UP +73%).SAYS FOR Q2 "BASE EFFECT IS NOT FAVORABLE FOR CONSUMER PRODUCTS DUE TO THE SEASONAL TRENDS FOR MARKETING CAMPAIGNS".PARROT IS CONFIRMING ALL ITS FULL-YEAR TARGETS AS ANNOUNCED ON MARCH 1, 2017.Q1 NET INCOME GROUP SHARE EUR 7.0 MILLION VERSUS LOSS (RESTATED) OF EUR 44.7 MILLION QUARTER AGO.  Full Article

Parrot Q4 net result swings to loss of 44.7 million euros
Wednesday, 1 Mar 2017 

Parrot SA : Q4 revenue 85.1 million euros ($89.8 million) versus 108.2 million euros year ago . Q4 EBIT loss of 38.9 million euros versus profit of 5.1 million euros year ago . Q4 net loss group share 44.7 million euros versus profit 4.5 million euros year ago . The reorganization announced on January 9, 2017 is moving forward . Expects growth to accelerate for commercial drones . The job protection plan proposed to employees in France is currently being negotiated. It could lead to a net loss of 150 positions . In other countries, the reorganization is currently being finalized, with a reduction of around 100 positions . Impact of transition on 2017 accounts is now estimated at 20 million euros (versus 25 million euros announced early January), with around 2/3 non-recurring expenses . Parrot is targeting global revenue growth and a significant improvement in profitability in 2017 . Expects to see a very significant reduction in its cash requirements, despite its payment for the remaining Pix4D shares, scheduled for the second quarter, and the financing of its transition in 2017 . Confirms its previous target to return to profitability by 2018 . Expects growth in commercial drone business, changes in the range of consumer drones to ensure effective control over margins in 2017.  Full Article

Parrot's unit partners with Agribotix to offer drone and data processing solution
Wednesday, 11 Jan 2017 

Parrot SA :Agribotix partners with co's unit senseFly to offer agricultural clients a professional-grade, end-to-end drone and data processing solution.  Full Article

Parrot has entered into discussions of partnership between its subsidiary, Parrot Automotive, and Faurecia
Tuesday, 6 Dec 2016 

Parrot Sa : Has entered into exclusive discussions in relation to a project of partnership between its subsidiary, Parrot Automotive, and Faurecia . This partnership would provide the best conditions to develop connected vehicles of the highest quality and benefit from Faurecia's industrial power and complementary expertise . Faurecia would subscribe to a share capital increase in Parrot Automotive, which would grant Faurecia a 20 pct shareholding, based on an enterprise value of Parrot Automotive of 100 million euros ($107.13 million) .In addition, at the initiative of either by 2022, Faurecia could hold the entire share capital of Parrot Automotive.  Full Article