Delta Drone : Revenue growth in the first half of 2021 - Holding of
the 2 extraordinary general meetings on July 21
DELTA DRONE
Revenue growth in the
first half of 2021Holding of the 2 extraordinary
general meetings on July 21
Dardilly, 27 July 202 1 – 18h
(K€) |
S1 2019 |
S1 2020 |
S1 2021 |
Revenues |
5 893 |
6 885 |
7 021 |
Activities discontinued or divested |
- |
651 |
- |
Continued growth, temporarily hampered
by the health crisis
At current scope, consolidated revenue increased
by 1.8% to €7 million, of which 21% was generated by the subsidiary
Delta Drone International Ltd, based in Australia and operating
mainly in the mining sector.
The activity continues to be impacted by the
consequences of the global health crisis: the shortage of certain
components, the very uncertain delays in supply and the
difficulties of transport and movement, both goods and people are
the main factors that explain the situation.
In this context, many cases, signed or in a
finalization situation, are postponed as to their execution and
therefore their invoicing. As a result, apart from worsening the
general situation, turnover in the coming months, particularly for
the whole of the second half of the financial year, could be
significantly higher than in the first six months of the year.
This time lag does not, however, call into
question the group's development plan. Today the business model is
very clear, based exclusively on the design and marketing of 3
professional high-tech solutions addressed to the security,
logistics (warehouse inventories) and mining sectors.
The group's clientele consists mainly of large
accounts, most of them multinational, and the order book remains
above €20 million, offering high visibility.
Finally, the Delta Drone group is international,
with a strong presence in Africa (operations in 11 countries) and
Oceania (Australia).
Positive impact of the
shutdown/divestment of loss-making activities on
results
The activities divested or discontinued
represented a turnover of €651€ in the first half of the 2020
financial year. Their exit from the Group's perimeter has
facilitated the establishment of the organization as planned in the
framework of the 2020-2021 strategic plan.Above all, it should
result in a significant improvement in the result, starting in
the1st half of this financial year (for the record, the half-yearly
accounts will be published on 30 September).
July 31 deadline to
finalise Operation
Weesure
On April 21, Delta Drone and Weesure announced
in a press release the signing of a LOI (Letter of Intent) aimed at
strengthening the security division of the Delta Drone Group, with
a scheduled end date of july 31, 2021.
By mutual agreement, the parties decided, for
technical reasons related to the various audits, to extend this
date by a few weeks, until the beginning of October. Here again,
the health crisis has shaken up the agendas of the teams in charge
of the file, making the planned end dates of the mission difficult
to keep.
Extraordinary General Meetings of July
21, 2021
Two extraordinary general meetings were held
successively on July 21, 2021: the first to approve the operation
consisting in increasing Delta Drone's shareholding in its
subsidiary ATM Group SRA so as to now hold 100% of the capital, the
second on third convocation, corresponding to resolutions of an
extraordinary nature that could not be voted previously, for lack
of quorum.
In view of the difficulties encountered in
achieving the quorum necessary for the adoption of extraordinary
resolutions, a request was lodged with the President of the
Commercial Court of Lyon for the appointment of an ad hoc
representative with the task of representing defaulting
shareholders in the context of general meetings. Thus, at the end
of an order of the President of the Commercial Court of Lyon
rendered on July 7, 2021, Maître Florence Tulier-Polge, domiciled
Immeuble Le Mazière, rue René Cassin, 91000 Evry, was appointed as
ad hoc representative, in charge of representing the defaulting
shareholders having to deliberate on the agendas.In accordance with
the terms of the above-mentioned ordinance, the votes cast by the
ad hoc representative are taken to enable the quorum to be
reached,it being specified that the voting rights attached to the
shares of defaulting shareholders were exercised by the ad hoc
representative as follows: two thirds of positive votes and one
third of negative votes for resolutions of an extraordinary nature.
Thus, the participation of the ad hoc representative is made
"neutral" in the expression of the vote of defaulting
shareholders.
Given the presence of Maître Tulier-Polge, the
quorum reached for the General Meeting on 3rd convocation amounted
to 100% of the 1,309,574,421 shares with the right to vote. The ad
hoc trustee represented 1,235,495,029 shares and 1,236,779,055
voting rights.All 11 resolutions put to the vote were approved by
more than 68%.
Taking into account the presence of Maître
Tulier-Polge, the quorum reached for the General Meeting held for
the ATM Group SRA operation amounted to 100% of the 1,309,574,421
shares with the right to vote.The ad hoc trustee represented
1,245,055,028 shares and 1,247,698,101 voting rights.All 6
resolutions put to the vote were approved by more than 68%.
About Delta Drone: The Delta
Drone Group is a recognized international player in the
professional civilian drone industry. It develops a range of
professional solutions based on drone technology as well as all
associated services that form a complete value chain.Delta Drone
share is listed on the Euronext Growth Paris market – ISIN code:
FR0011522168Are also listed on Euronext Growth BSA Y – ISIN code:
FR 0013400991www.deltadrone.com
Investor contacts:
Press
contact:
AELIUMJerome Gacoin |
OPEN 2 EUROPEBenoit Chamberlain |
+33 1 75 77 54
65 |
+33 1 55 02 14 54 |
jgacoin@aelium.fr |
b.chamberlain@open2europe.comSarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |
- 20210727_PR_Revenues_FH2021_VD