Exail Technologies exceeds its 2024 debt reduction and order forecasts

Exail Technologies reports impressive preliminary 2024 results, surpassing its initial expectations in terms of debt reduction and order intake. The last quarter of the year was marked by increased commercial momentum, with nearly €145 million in orders, including major contracts for drones and innovations such as the transoceanic DriX.

The company has garnered approximately €450 million in annual orders, representing growth of approximately 40% compared to 2023. This growth is accompanied by efficient cash flow management, thus reducing its adjusted net debt to approximately €145 million in December 2024, representing a decrease of €80 million since the acquisition of iXblue in 2022.

With an order book of more than 700 million euros and positive momentum in its markets, Exail Technologies reiterates its growth targets for 2024, forecasting a double-digit increase in its revenues and recurring EBITDA.