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Parrot SA (PARRO.PA)

PARRO.PA on Paris Stock Exchange

3.11EUR
23 May 2019
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Latest Key Developments (Source: Significant Developments)

Parrot Q1 Revenue Down At 17.9 Million Euros
Friday, 17 May 2019 

May 17 (Reuters) - PARROT SA ::Q1 REVENUE EUR 17.9 MILLION VERSUS EUR 22.1 MILLION YEAR AGO.PARROT IS EXPECTED TO HAVE AROUND €100M OF CASH AND AN OUTSTANDING PORTFOLIO OF COMPANIES AND INTERESTS AT THE END OF 2019.  Full Article

Parrot: Horizon Holds 57.26 Pct Of Parrot's Capital
Friday, 12 Apr 2019 

April 12 (Reuters) - PARROT SA ::ANNOUNCED ON THURSDAY SUCCESS OF THE PUBLIC TENDER OFFER INITIATED BY HORIZON TARGETING PARROT’S SECURITIES.UPON COMPLETION OF INITIAL OFFER PERIOD, HORIZON WOULD HOLD 17,277,158 PARROT SHARES AND AS MANY VOTING RIGHTS, AMOUNTING TO 57.26% OF PARROT’S SHARE CAPITAL AND VOTING RIGHTS.HORIZON DOES NOT INTEND TO ASK THE AMF, IN CONNECTION WITH THE OFFER, TO IMPLEMENT A SQUEEZE-OUT FOR PARROT’S SHARES AND WARRANTS.HORIZON DOES NOT INTEND TO ASK EURONEXT PARIS TO DELIST PARROT’S SHARES AND WARRANTS .  Full Article

Parrot Q4 EBIT Loss Widens To 26.4 Million Euros
Friday, 15 Mar 2019 

March 15 (Reuters) - PARROT SA ::Q4 REVENUE EUR 30.8 MILLION VERSUS EUR 49.0 MILLION YEAR AGO.Q4 EBIT LOSS EUR 26.4 MILLION VERSUS LOSS OF EUR 14.4 MILLION YEAR AGO.Q4 NET LOSS GROUP SHARE EUR 27.4 MILLION VERSUS LOSS OF EUR 22.1 MILLION YEAR AGO.NET CASH AT DEC 31, 2018: EUR 160.3 MILLION.TARGETS TO HAVE EUR 100 MILLION OF NET CASH AT END-2019.IS TARGETING SUBSTANTIAL SAVINGS IN 2019.  Full Article

Cash Tender Offer On Parrot Initiated By Horizon
Wednesday, 6 Mar 2019 

March 6 (Reuters) - PARROT SA ::REG-HORIZON : CASH TENDER OFFER ON PARROT INITIATED BY HORIZON.DURATION OF CASH TENDER OFFER: 25 TRADING DAYS.PRICE OF CASH TENDER OFFER: 3.20 EUROS PER PARROT SHARE 0.01 EURO PER CLASS 1 PARROT WARRANT 0.01 EURO PER CLASS 2 PARROT WARRANT.  Full Article

Parrot Announces Horizon's Proposed Public Tender Offer And Estimated Earnings For 2018
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - PARROT SA ::HORIZON’S PROPOSED PUBLIC TENDER OFFER FOR PARROT SECURITIES: BOARD OF DIRECTORS’ REASONED OPINION ESTIMATED REVENUES AND EARNINGS FOR 2018.PARROT'S ESTIMATED REVENUES FOR Q4 OF 2018 REPRESENT 31 MILLION EUROS, COMPARED WITH A TARGET OF 35 MILLION EUROS.THIS WOULD GIVE FULL-YEAR REVENUES OF 109 MILLION EUROS, DOWN 28% FROM 2017.AT DECEMBER 31, 2018, CASH AND CASH EQUIVALENTS REPRESENT APPROXIMATELY 151 MILLION EUROS, WITH AROUND 160 MILLION EUROS OF NET CASH.GROSS MARGIN FOR 2018 IS APPROXIMATELY 33%, COMPARED WITH 34% FOR 2017.CURRENT OPERATING EXPENDITURE FOR THE YEAR REPRESENTS AROUND 95 MILLION EUROS, APPROXIMATELY 3.0 MILLION EUROS LESS THAN 2017.CURRENT OPERATING EXPENDITURE FOR YEAR REPRESENTS AROUND 95 MILLION EUROS, APPROXIMATELY 3.0 MILLION EUROS LESS THAN 2017.2018 OPERATING LOSS OF 65 MILLION EUROS, VERSUS 57.6 MILLION EUROS IN 2017.BASED ON THESE ELEMENTS, PARROT IS EXPECTED TO HAVE AROUND 100 MILLION EUROS OF CASH AND AN OUTSTANDING PORTFOLIO OF COMPANIES AND INTERESTS AT END OF 2019..AT DECEMBER 31, 2018, CASH AND CASH EQUIVALENTS REPRESENT ABOUT 151 MILLION EUROS, WITH AROUND 160 MILLION EUROS OF NET CASH.NEGATIVE IMPACT OF INVESTMENTS IN ASSOCIATES AND TAXES ARE STILL BEING RECORDED IN ACCOUNTS TO REACH NET PROFIT OR LOSS FIGURE.2018 NON-CURRENT EXPENDITURE REPRESENTS AROUND 38 MILLION EUROS.BOARD OF DIRECTORS ACKNOWLEDGED UNCERTAIN NATURE OF FORECASTS PREPARED BY GROUP.  Full Article

Parrot Has Been Informed Of Project Of Public Tender Offer By Horizon Over Parrot
Friday, 30 Nov 2018 

Nov 30 (Reuters) - PARROT SA ::ANNOUNCES PROPOSED TAKEOVER BID FROM HORIZON.PROPOSED PRICE PER SHARE 3.20 EUROS.BOARD OF DIRECTORS ACKNOWLEDGED THE OFFER AND NOTED THAT HORIZON DID NOT INTEND TO IMPLEMENT SQUEEZE-OUT.  Full Article

Parrot Calls Previously Announced Guidance Into Question
Friday, 23 Nov 2018 

Nov 23 (Reuters) - PARROT SA ::ACTION PLAN TO RETAIN €100M OF CASH BY END-2019.Q3 DISAPPOINTING RESULTS IN LIGHT OF A SIGNIFICANT CONSUMER DRONE MARKET CONTRACTION.Q3 NET INCOME AFFECTED BY THE IMPAIRMENT OF GOODWILL.Q3 REVENUE EUR 23.4 MILLION VERSUS EUR 39.2 MILLION YEAR AGO.Q3 EBIT LOSS EUR 50.9 MILLION VERSUS LOSS OF EUR 12.6 MILLION YEAR AGO.Q3 NET LOSS GROUP SHARE EUR 51.8 MILLION VERSUS LOSS OF EUR 14.1 MILLION YEAR AGO.THE GUIDANCE ANNOUNCED PREVIOUSLY IS BEING CALLED INTO QUESTION BY THE CONSUMER MARKET’S DEVELOPMENT.FOR THE FOURTH QUARTER, PARROT EXPECTS REVENUES OF AROUND €35M.FOR THE FOURTH QUARTER, PARROT EXPECTS STABLE GROSS MARGIN RATE ON AN ANNUAL BASIS,.PARROT IS EXPECTED TO HAVE €100M OF CASH AND AN OUTSTANDING PORTFOLIO OF COMPANIES AND INTERESTS AT THE END OF 2019.AROUND €15M TO €20M ARE EXPECTED TO BE NEEDED TO OPTIMIZE PARROT DRONE’S OPERATIONS.PARROT DRONE’S OPERATIONS: OPTIMIZATION WILL MAKE IT POSSIBLE TO ACHIEVE SUBSTANTIAL SAVINGS FROM 2019.  Full Article

Reg-Faurecia To Take Control Of 100% Of Parrot Automotive
Friday, 6 Jul 2018 

July 6 (Reuters) - Faurecia ::REG-FAURECIA TO TAKE CONTROL OF 100% OF PARROT AUTOMOTIVE.TRANSACTION WOULD BE BASED ON AN ENTERPRISE VALUE OF EUR 100 MILLION.TRANSACTION WOULD BE BASED ON AN ENTERPRISE VALUE OF EUR 100 MILLION, IDENTICAL TO THAT USED WHEN FAURECIA ENTERED INTO CAPITAL OF PARROT AUTOMOTIVE IN 2017.TRANSACTION UNDERLINES IMPORTANCE OF PARROT AUTOMOTIVE IN FAURECIA'S COCKPIT OF FUTURE STRATEGY.  Full Article

Parrot Announces Proposed Early Exit From Parrot Automotive
Friday, 6 Jul 2018 

July 6 (Reuters) - PARROT SA ::REG-PARROT: PROPOSED EARLY EXIT FROM PARROT AUTOMOTIVE.MEMORANDUM OF UNDERSTANDING SIGNED WITH FAURECIA FOR NEGOTIATIONS CONCERNING PARROT'S POSSIBLE EXIT FROM PARROT AUTOMOTIVE.OVERALL AMOUNT RECEIVED BY PARROT WOULD REPRESENT 108.5 MILLION EUROS.PARTNERS HAVE DECIDED TOGETHER TO ARRANGE PARROT'S EXIT FROM SUBSIDIARY PARROT AUTOMOTIVE, WHICH HAS BEEN 20% OWNED BY FAURECIA SINCE MARCH 31, 2017..PARROT AND FAURECIA TO OPEN TALKS WITH A VIEW TO ORGANIZING PARROT'S EXIT FROM THEIR JOINT VENTURE..  Full Article

Parrot Q1 IFRS Revenues EUR 22.1 Million Euros
Monday, 28 May 2018 

May 28 (Reuters) - PARROT SA ::Q1 IFRS REVENUES EUR 22.1 MILLION VERSUS EUR 28.6 MILLION YEAR AGO.Q1 IFRS NET LOSS GROUP SHARE EUR 18.9 MILLION VERSUS PROFIT OF EUR 7.0 MILLION YEAR AGO.Q1 IFRS EBIT LOSS EUR 14.7 MILLION VERSUS PROFIT EUR 11.0 MILLION YEAR AGO.POSITIONED TO RETURN TO GROWTH IN 2018, WHILE ENSURING EFFECTIVE CONTROL OVER ITS CASH CONSUMPTION.OUTLOOK FY 2018 GROSS MARGIN GENERATED BY THE COMBINATION OF ITS TWO OFFERS EXPECTED TO CONTINUE IMPROVING ON AN ANNUAL BASIS.FULL-YEAR GROWTH TARGET CONFIRMED FOR DRONE BUSINESS SOLUTIONS.  Full Article

Deals of the day-Mergers and acquisitions

Nov 29 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday: