NAVYA Announces a Revenue of €4.5 Million in the Third Quarter of 2018

Regulatory News:

NAVYA (FR0013018041- NAVYA) (Paris:NAVYA), a leading company in the autonomous vehicle market and in smart and shared mobility solutions, has today announced revenue of €4.5 million for the third quarter of 2018 and €13.5 million for the first nine months of 2018, compared to €10.3 million for full-year 2017.

NAVYA sold 14 AUTONOM SHUTTLE vehicles in the third quarter of 2018, taking the total number of AUTONOM SHUTTLE vehicles sold in the first nine months of 2018 to 50. The AUTONOM SHUTTLE installed base now amounts to 103 vehicles.

Consistent with NAVYA’s strategy, the share of Services excluding rental revenues generated revenue of €557 k in the third quarter of 2018, accounting for 12.4% of total revenue, up from 7% in 2017.

		Q3 2018		H1 2018		9M 2018
Number of shuttles sold		14		36		50
Vehicle revenue (€ m)		3,850		8,090		11,940
Service revenue(1) (€ m)		656		891		1,547
Total revenue (€ m)		4,507		8,981		13,488

(1) Including €99 thousand of rental revenues in Q3 2018, €88 k in Q2 2018 and €100 thousand in Q1 2018.

Since no accounts closing took place on 30 June 2017, there are no figures with which to compare first-half 2018 figures.

In the third quarter of 2018, most shuttles sold were intended for use on open roads. NAVYA made its first sale in Canada and sold three shuttles in Asia – in South Korea, Singapore and Japan – where demand for robotics-based innovations is very strong. The rest of NAVYA’s sales took place mainly in France.