VILLEPINTE, FRANCE, April 15, 2016 (GLOBE NEWSWIRE) -- DRONE VOLT, the French leader in civilian drones for professional applications, announced another doubling of its revenue (unaudited), this time for Q1-2016. This growth rate has been maintained since early in 2015 and has allowed the company to achieve almost as many sales in three months as for the entire 2014 year.
Unaudited financial data under IFRS
Revenues for Q1-2016 finished at € 1.4 million against € 0.6 million in Q1-2015. This performance was achieved thanks to the great progress of the company in France (76% of the business) coupled with successful international expansion, which now accounts for 24% of the company's revenue. DRONE VOLT is excited about the successful launch of its subsidiary DRONE VOLT SCANDINAVIA and its export office operated from France.
This international deployment will continue and will be strengthened in the coming quarters with the addition of new offices in the US and Switzerland, and subsidiaries in Canada and Benelux.
This quarter, DRONE VOLT also confirmed the successful launch of its new brand, "by DRONE VOLT", which offers innovative solutions and strategic turnkey products for professionals in the audiovisual, agriculture, construction and security sectors. Sales to Professionals and Businesses represented 80% of the total business, with 20% of sales to individuals.
DRONE VOLT has also been pursuing other new business developments and has recently announced the launch of Z18 UF by DRONE VOLT. This leading edge drone and its technology will allow Drone Volt to revolutionize the growing industry of civilian crowd and event surveillance and control with its ability for a flight autonomy of several days without interruption.
Next event: revenue for the 1st half 2016 during the week of July 11th, 2016
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Regarding DRONE VOLT:
Created in 2011, and established in France, in Canada, in Denmark, in the United States and in Switzerland, DRONE VOLT is specialized in manufacturing and marketing civilian drones for professional use. As a complete partner, the company provides solutions to its customers for critical tasks and applications including service of products and the training of pilots. The young innovative firm, which had 3,7 million euro revenues in 2015 (+111 % growth y-o-y), is the leader in the European broadcasting and service drone industry. It also provides the administration and the execution of aerial photography and videography. Among its customers, the Company includes CERN, FRANCE TELEVISIONS, the Police station of the Air Transport (GTA), SPIE, TF1, FREEWAY PROD, etc. DRONE VOLT is qualified as an "Innovative Entreprise" by Bpifrance.
DRONE VOLT is a Company quoted on the market Alternext Paris:
Action: Mnémo: ALDRV.PA - Encode ISIN: FR0013088606 - Eligible: PEA, PEA-PME
BSA: Mnémo: DRVBS - encodes ISIN: FR001286054
More information on www.dronevolt.com
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DRONE VOLT SALES Q1-2016 .PDF http://hugin.info/171246/R/2003905/739797.pdf
Source: DRONE VOLT