2019 third-quarter business
(WorldNews France)

2019 third-quarter business 15 Nov 2019 07:00 CET Company Name PARROT ISN FR0004038263 Market Euronext Symbol PARRO 2019 third-quarter business PRESS RELEASE Paris, November 15, 2019, 7am CET 2019 third-quarter business For the third quarter of 2019, the Parrot Group`s revenues came to EUR17.9m; its contraction (-24%) reflects a doubling of the gross margin and a reduction of operating losses by half compared with the third quarter of 2018, in line with its expectations. The Commercial Drones and Solutions business is up 21% and now represents 59% of consolidated revenues. By realigning its operations around the stronger value-added segments, Parrot is successfully adapting to the challenges...