✅ Exail Technologies on the upswing: drone offensive hits billion-dollar market

$EXA (-6,64%)

📌 New buy recommendation & strong price target

✅ Berenberg starts coverage with Buy and a price target of 125 €

✅ Share in focus today due to strong momentum in the drone segment

📈 Strong growth in Q1/2025

✅ Sales increase by 18 % to € 94 million

✅ Incoming orders explode by +519 % to € 487 million

✅ Order backlog reaches new record level of 1.1 billion €

💰 Market leader in demining drones

✅ Since 2019 over 90 % of all tenders won

✅ Complete solutions with hardware + software + control from a single source

✅ Latest major order: Indonesian navy receives fully autonomous system (UMIS)

🌊 Civil & military markets addressed

✅ Total market of 8 billion USD addressable

✅ High demand due to unresolved challenges:

- 80% of the seabed not yet mapped

- Drones are becoming increasingly important in defense strategies

✅ Tenders up to 2030 with a value of 2-3 billion euros expected

🛠️ New orders in Q2 2025

✅ € 10 million volume in the defense sector

✅ Spain: SIRTAP tactical drones from Airbus with UmiX 40 systems

✅ France: Simulation system for DGA program

Conclusion:

✅ Exail Technologies is positioning itself as a technology leader with high margin quality in a growing, security-relevant market worth billions. With a strong focus on drones, new major orders and a record order backlog, the share has clear growth potential with a tailwind - both civil and military.