Page 1

GROUPE GORGÉ Press release Paris , 28 April 2021 at 18h00 Activity of the first quarter 2021 : revenues up 12 % on an organic basis Groupe Gorgé achieved a solid performance in the first quarter of 2021 , recording revenues of € 64 million , with growth in all three business lines on an organic basis . ( in € million ) Change Q1 2020 Q1 2021 ( % ) Organic change ( % ) Drones & Systems 22,6 27,2 + 20,8 % + 20,8 % Engineering & Protection Systems 20,7 20,0 -3,4 % ¹ + 4,5 % 3D Printing 15,5 16,6 + 7,4 % + 7,4 % Structure and intra - group elimination -0,2 -0,2 n.s. n.s. Consolidated revenue 58,5 63,6 + 8,8 % + 11,8 % Backlog at end of period 601,7 612,2 + 1,7 % + 3,8 % Drones & Systems : strong growth in robotics revenues Turnover is up strongly by more than 20 % thanks to the change in dimension of this activity since 2019. The primary driver of this growth is the ramp - up of the large - scale project with the Belgian and Dutch navies in underwater mine hunting , whose contribution has more than doubled in one year . Numerous other robotics contracts won , as well as the associated recurring services ( maintenance , spare parts , etc. ) also contributed to the increase in revenue . These projects include the modernisation of equipment for several navies in Europe and Asia . Finally , the aeronautics sector continues its gradual recovery , benefiting from the geographical diversification of its customers , particularly in Asia where air traffic is picking up . The execution of the Belgian - Dutch is going according to plan and a new milestone was reached in the first quarter with the successful sea trials of the UMISAS sonar developed by the group since 2014. It will now enter the production phase in order to be integrated into the A18 - M and T18 - M drones ( underwater drones dedicated to mine detection and identification ; link to the dedicated press release ) . 1 The decrease of revenue on a reported basis is due to the disposal of the company Van Dam in July 2020