Exail Technologies: 7% rise in annual recurring EBITDA

(CercleFinance.com) - Exail Technologies (ex-Groupe Gorgé) has reported net income for 2023 of 15.
9 million euros and recurring EBITDA up 7% to 65.1 million, representing a margin down 1.6 points to 20.2%.

The industrial group recorded a 16% increase in annual revenues to ?322.8 million, mainly in the navigation and marine robotics segment (?245 million), and a 14% increase in orders to ?324 million.

With an order backlog at the end of 2023 of 630.2 million euros, i.e. almost two years' sales, Exail Technologies is targeting a double-digit increase in sales and absolute growth in recurring EBITDA in 2024.

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