on PARROT (EPA:PARRO)
Parrot Group Sees Record Growth in Micro-UAV Sales for Q1 2026
The Parrot Group, a leader in professional micro-UAVs, reported strong growth in Q1 2026 with consolidated revenues of €27.9 million, a 52% increase at current exchange rates. The uptick was driven by Professional micro-UAV sales, which soared to €21.3 million. Key factors included the success of the ANAFI UKR and increased international institutional demand. Despite longer component lead times, the Group maintained profitability without consuming cash.
The Professional micro-UAV business doubled year-on-year, reflecting robust demand across defense, security, and civil sectors. ANAFI UKR's capabilities aligned well with the growing role of drones in these areas, underscored by approvals like the US-led BLUE UAS program.
Conversely, the Critical Infrastructure Solutions segment saw a 16% decline due to a shift to subscription-based revenues, anticipated to bolster long-term revenue recurrence. Parrot continues strategic expansion, focusing on securing supplies and enhancing production amidst rising demand in defense and public safety markets.
R. H.
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