Of the 4 branches that constituted the group until then:
The
Delta Drone Human Tech business could be sold in the short term.
The UDT business is the subject of a phased disposal program.
Details of the action plan implemented are presented below, branch by branch.
The disposals (and divestment projects) are mainly intended to bring cash to the group, without calling into question the quality and history of the relationships established: even when they have left the group's capital scope, the entities sold will continue to be first-rate business partners, particularly in terms of commercial development.
In addition, as part of the action plan to reduce
The lightening of the only retained branch,
New advantages that the new
A reduced workforce of 14 employees
Largely positive cash flow, gradually increased due to the program of disposals of assets from the UDT portfolio
A concentration of its commercial development on the security and logistics sectors, thanks to the ISS Spotter, SpotterBot and CountBot systems,
A close partnership with the Chinese group Sichuan AEE Technology, whose challenges are the industrialization and reliability of existing
The 2022 financial statements have been prepared in line with the action plan initiated, particularly in terms of the value of intangible assets, the 100% of which has been systematically depreciated. At the same time, non-recurring costs related to reorganizations (layoffs in particular) and branch closures also had a heavy impact on the income statement.
These accounts should therefore be analysed with caution, as they mainly reflect the importance of the action plan implemented.
Summary of the consolidated financial statements for the financial year 2022
See full release at: https://www.deltadrone.com/wp-content/uploads/2023/04/2023-04-17_DeltaDrone_PR_FY2022_accounts_VD.pdf
(C) 2023 Electronic News Publishing, source