Drone Volt’s Record-Breaking Sales and Revenue Growth in 2023: Learn More about the French Market’s Success

2023-07-12 16:21:00

(AOF) – Drone Volt’s turnover for the first half of 2023 amounted to 16.2 million euros once morest 4 million at the end of June 2022, i.e. a multiplication by 4. The turnover achieved in 6 months exceeds by 18% that achieved over the whole of 2022 (13.7 million euros). As expected, the half-year revenue reflects the commercial success recorded in February 2023 with the largest order in the history of Drone Volt, at more than 20 million euros in revenue.

After only 4 months and despite the supply tensions of the whole industry, Drone Volt has delivered, invoiced, collected and recognized in turnover approximately 12 million euros. The balance should be executed as soon as possible during the second half of 2023.

Over this half-year, Drone Volt’s gross margin stood at 10% of sales at the end of June 2023 compared to 34% in the first half of 2022. The difference is due to changes in the product mix with growth driven by activity distribution and the cessation of license fee billings to Aquiline Drones.

In addition, Drone Volt confirms its annual objective of doubling its turnover in 2023 (13.7 million euros in 2022).

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Growth of the French market in value

According to the Gfk institute, the sector generated sales of 4.8 billion euros in 2021, up 2% compared to 2020. The product families that benefited from the best performance are in particular helmets and accessories as well as televisions. However, while the French consumer electronics market grew in value last year, it fell in terms of volumes (-2% with 51 million units sold). This trend can be explained by a move upmarket in products: Bluetooth speakers are more powerful or even television sets use more innovative technologies. Thus the development of technologies that improve image resolution (Oled, Qled, miniled) and the size of screens have caused an increase of more than 20% in the average price. Consumers are also looking for more sustainable products.

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