Parrot : Q1 sales close to our forecasts - Horizon now owns 62.5% of the capital following the takeover
>Q1 sales: € 17.9m, i.e. -19% y-o-y - This morning, Parrot published its Q1 2019 sales which came in close to our forecasts. Based on the press release and following contact with the company, our takeaways are as follows: Marked negative sales growth in Q1: € 17.9m (vs our forecast of € 16.9m) i.e. -19% y-o-y. Consumer drone sales continued to deteriorate with sales of € 5.7m, i.e. -30% y-o-y (€ 5.1m est.). In a declining market and one which continues to be...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.