April 27 (Reuters) - French defence technology firm Exosens reported 19.7% growth in its first-quarter revenue to 122.6 million euros ($143.8 million) on Monday, driven by accelerating demand for
Exosens' sales surge 20% on demand for night vision and drone-detection tech
Exosens Reports Strong First-Quarter Growth Amid Rising Demand
April 27 (Reuters) - French defence technology firm Exosens reported 19.7% growth in its first-quarter revenue to 122.6 million euros ($143.8 million) on Monday, driven by accelerating demand for night vision and digital imaging solutions.
Market Drivers and Analyst Insights
Exosens' products are in high demand as they can be deployed rapidly unlike large, capital-intensive systems, and the company has a strong offering and growing momentum in its tactical drones and drone-detection technologies, Bernstein analyst Aleksander Peterc said.
Divisional Performance
Both the amplification and detection and imaging (D&I) divisions recorded strong revenue growth.
Amplification Division
Sales of the amplification division, boosted by Exosens' first contract with the U.S. Army, grew 11.4% to 88.1 million euros, while the D&I business saw a surge of 44.5% to 34.6 million euros as the company expanded its foothold in the “rapid proliferation of drone and counter‑drone systems”, it said.
Detection and Imaging (D&I) Division
"In a context of rising geopolitical tensions, demand for mission-critical night vision and digital imaging solutions continues to accelerate," CEO Jerome Cerisier said in a press release.
Analyst Perspective and Market Position
Peterc said Exosens appears well positioned to profit from the current environment even as investor sentiment on the wider European defence index has cooled.
Financial Highlights
The company's adjusted gross profit rose 20.1% to 63.5 million euros in the first quarter, with a slight increase in the corresponding margin to 51.8% of sales.
($1 = 0.8528 euros)
(Reporting by Jakob Van Calster and Zakarya Meliani, editing by Milla Nissi-Prussak)
