Navya : A fresh downward revision and uncertainty set to persist despite the implementation of a new plan - Neutral and target price of € 1.3
>Feedback on the H1 sales release - At the conference call and following contact with the company, we have revisited the H1 revenue publication. Note that Navya posted a 32% y-o-y decline in revenues to € 6.2m. Shuttle sales halved in H1, from 36 to 18. According to management, the main reason for this decline is a market that is still in the experimental phase, which for the time being prevents a large-scale rollout (very weak conversion rate). Note that the cost of ...Navya SAS is a France-based company specialized in the conception of electric autonomous systems. The Company manufactures autonomous vehicles. The Group offers two vehicles: the Autonom Shuttle, an autonomous, driverless and electric vehicle that is capable of transporting over 14 people, which serves cities and private sites. The technical design of the Autonom Shuttle allows the shuttle to understand the surroundings in which it is located, detect obstacles and anticipate movement, and the Autonom Cab, which is a self-driving taxi, which is capable to carry one to six passengers. Users can order Autonom Cab, open and close the vehicle's door, start its motor, obtain tourist information or finishing ordering tickets for a show through a smartphone application. In addition, the Group provides a number of services to its customers, including the control of data, software updates and the maintenance of its autonomous vehicles. Apart from France, Navya also operates in the United State.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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