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Parrot SA (PARRO.PA)

PARRO.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

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: Sensefly receives Swiss approval for anytime BVLOS operations
Friday, 10 Feb 2017 

Parrot SA : Sensefly receives first Swiss approval for anytime BVLOS operations . Swiss FOCA granted senseFly permission to fly any of its eBee-branded mapping solutions beyond the visual sight of a drone’s operator, using observers, without the need to set-up a flight operation ‘Danger Area’ beforehand. Further company coverage: [PARRO.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  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: