Drone Volt | ALDRV FP | Aerosp. & Defence Equipt. | France | Updates

This research has been commissioned and paid for by the company and does therefore not constitute an inducement caught by the prohibition under MiFID II

Drone Volt ^CR	Bloomberg ALDRV FP
Aerosp. & Defence Equipt. / France	Web Site \| Investors Relation

Banking on services and its European roots

Target

Upside 35.5%

Price (€) 0.74

Target Price (€) 1.01

Market Cap (€M) 51.3

Perf. 1W:	7.23%
Perf. 1M:	-3.64%
Perf. 3M:	12.9%
Perf Ytd:	111%

10 day relative perf. to stoxx600:	4.73%
20 day relative perf. to stoxx600:	-3.12%

Target Change07/06/2023 07:34

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Change in Target Price	€ 1.88 vs 2.30	-18.0%

Change in NAV	€ 2.42 vs 4.27	-43.3%
Dilution from the €4.9m capital increase decided by Drone Volt compared to a €13.1m market cap has impacted the NAV per share

19 Apr 24 Earnings/sales releases
Drone Volt on the move

26 Mar 24 Earnings/sales releases
Drone Volt ready for new growth phase

30 Jan 24 Earnings/sales releases
New annual sales record and new capital incre...

29 Jan 24 Target Change
We have incorporated the impact of the dilution ...

20 Oct 23 Earnings/sales releases
Ambivalent Q3 results

18 Sep 23 Earnings/sales releases
H1 23: the beginning of the awaited resurrection

18 Sep 23 Target Change
Our DCF, and consequently the target price, wil...

17 Jul 23 Earnings/sales releases
H1 23: Strong growth backed by Drone Volt’s o...

07 Jun 23 M&A /Corp. Action
A capital increase to support a high-growth phase

07 Jun 23 Target Change
Dilution from the €4.9m capital increase decid...