NAVYA Announces Its FY 2018 Revenue of €19 Million, up 85%
24 Janeiro 2019 - 2:45PM
Business Wire
- 63 shuttles sold in 2018, representing
an installed base of now 116 AUTONOM® SHUTTLES
- Further growth in service revenue: 14%
in Q4 2018 and H2 2018 compared to 10% in H1 2018
- First sale of 5 AUTONOM® CAB robocabs
for an experimental roll-out in Lyon
Regulatory News:
NAVYA (FR0013018041- NAVYA) (Paris:NAVYA), a leading company in
the autonomous vehicle market and in smart and shared mobility
solutions, is today reporting an 85% increase in its FY 2018
revenue to €19.0 million, compared to €10.3 million in FY
2017.
NAVYA sold 13 AUTONOM® SHUTTLES and 5 AUTONOM® CABS during the
fourth quarter of 2018, taking the total number of AUTONOM® SHUTTLE
and AUTONOM® CAB vehicles sold in FY 2018 to 63 and 5 respectively.
The installed base of AUTONOM® SHUTTLES now stands at 116 shuttles,
and the installed base of AUTONOM® CABS at 5.
The share of Services continued to further grow to
€775 thousand in the fourth quarter of 2018. That represents
14.0% of revenue and 14.2% of revenue in the second half of 2018,
compared to 10.0% in the first half of 2018. In 2018, Services
contributed €2.3 million, representing 12.2% of revenue,
compared to 9.6% in 2017. This increase reflects NAVYA’s strategy
of building a range of services for autonomous vehicles.
Q4 2018
2018 2017
Variation2018 vs 2017
Number of vehicles sold 18
68 36 +89% Vehicle revenue
(€ k) 4,751
16,692 9,292 +80% Services revenue(1)(€ k) 775
2,321 988 x2.3
Total Revenue (€ k) 5,526
19,012 10,280
+85%
(1) including €169 k in rental service revenues in Q4 2018,
€455 k in 2018 and €302 k in 2017.Given that no interim
reporting was published for FY 2017, no comparative quarterly
information is available in FY 2018.
During the fourth quarter of 2018, most of the shuttles sold
were for open roads. The geographical mix of shuttle sales reflects
NAVYA’s international reach, with 5 shuttles sold in the
Asia-Pacific region, 4 in the Europe, Middle East and Africa region
and 4 in the United States. NAVYA has also reached a key milestone
with its robocab, having completed the initial sale of 5 AUTONOM®
CAB as part of an experimental roll-out in Lyon.
Next financial press release:
March 27, 2018: Full-year 2018 results
About NAVYA
NAVYA is a leading French name in the autonomous vehicle market
and in smart shared mobility solutions. With more than 250
employees in France (Paris and Lyon) and in the United States
(Michigan), NAVYA develops, manufactures and commercializes
autonomous, driverless, and electric vehicles that combine robotic,
digital and driving technologies at the highest level. Since 2015,
NAVYA has been the first to market and put into service autonomous
mobility solutions. NAVYA has a range of two autonomous vehicles:
the AUTONOM® SHUTTLE, launched in September 2015, of which more
than 115 had been sold as of 31 December 2018, notably in the
United States, France, Germany, Switzerland, Japan and Australia,
and the AUTONOM® CAB, unveiled in November 2017 and whose first
road tests will start shortly. Created in 2014 by Christophe Sapet
and Robolution Capital (managed by 360 Capital Partners), his
reference shareholder, NAVYA’s shareholders also include the
Gravitation fund and Paris Region Venture Fund (Région
Île-de-France) managed by Cap Decisif Management as well as Valeo
and Keolis groups.
NAVYA is listed on the Euronext regulated market in Paris (ISIN
code: FR0013018041- NAVYA).
For more information visit: www.navya.tech/en
Disclaimer
This document may contain certain statements reflecting
estimates, forecasts and expectations that constitute
forward-looking information. By their nature, these statements are
subject to a number of assumptions and entail known and unknown
risks and uncertainties as they relate to events and depend on
circumstances that will occur in the future. The known risks are
those discussed or identified in Chapter 4, “Risk Factors” of
Navya’s registration document which is available on the company’s
website (http://navya.tech). The
actual results and developments could differ materially from those
expressed or implied by these statements and there can be no
assurance that these statements will prove to be accurate. The past
performance of Navya and its subsidiaries cannot be relied on as a
guide to future performance. These forward-looking statements
should be used with caution and circumspection and in no event can
Navya or its management be held responsible for any investment or
other decision based upon such statements. These forward-looking
statements only reflect Navya’s view as of the date hereof and the
company expressly disclaims any obligation or undertaking to
release any update thereto. The information in this document does
not constitute an offer to sell or an invitation to buy shares in
Navya or an invitation or inducement to engage in any other
investment activities.
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version on businesswire.com: https://www.businesswire.com/news/home/20190124005320/en/
NAVYANicolas de CrémiersHead of
Marketingcommunication@navya.tech+33 (1) 85 50 01 10
Frank MaccaryChairman of the Management Board and
CFOfinance@navya.tech+33 (4) 28 70 16 61
NewCapInvestor relationsJulie
Coulotnavya@newcap.eu+33 (0)1 44 71 20 40
NewCapMedia relationsNicolas
Merigeaunavya@newcap.eu+33 (0)1 44 71 94 98