Report
Aurelien Sivignon

Parrot : Final FY 2018 results very close to preliminary release – Takeover ongoing (tender to the bid)

>Final FY 2018 very close to the preliminary figures released in January - This morning, Parrot reported its final FY 2018 earnings. Note that, preliminary figures were released at end-January with the exception of the bottom line. Broadly, the definitive P&L was very close to preliminary estimates:Sales of € 109.2m vs € 109m, down 37%. Whilst consumer drone sales slumped over the year (413k units sold vs 604k in 2017), growth at the professional drone activity w...
Underlying
Parrot SA

Parrot is a global player in wireless mobile phone accessories, specialized in designing and marketing wireless devices for mobile phones. Co. activities cover both retail customers (installed hands free kits, Plug & Play hands free kits and Multimedia products), and auto industry professionals. Co. developed three retail product ranges: two for vehicles and one for the house. Vehicle products are hand-free kits installed, in most cases, by professionals after vehicle purchase; and Plug & Play products, which are hands-free systems usable upon purchase. House products include multimedia products, allowing users to share multimedia contents on mobile phones.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Aurelien Sivignon

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