DELTA DRONE SA

Climate Impact & Sustainability Data (2022)

Launched a plan to reduce support teams, resulting in the departure of 21 employees (including 6 economic dismissals, 4 amicable separations, and 2 resignations) at a cost of approximately €408k.

Initiated a governance change in DELTA DRONE INTERNATIONAL, reducing annual costs by approximately €180k.
Repurchased all existing BSA (2,147,549,465), reducing potential future dilution by 36.76% at a cost of €1,368k.
Consolidated share capital by exchanging 10,000 old shares for 1 new share.

High operating costs compared to insufficient revenue.
Degraded macroeconomic context limiting room for maneuver.
Supply chain disruptions due to a shortage of certain electronic components.
Increased purchasing costs due to international supply pressures (energy and raw materials).
Litigation with DRONE PROTECT SYSTEM (DPS) resulting in a €265k dispute and a criminal complaint.
Liquidation of DELTA DRONE ENGINEERING and AB COMTECH.

Implemented a plan to reduce operating costs by approximately €2 million.
Implemented a program to reduce general operating costs by approximately €1 million.
Developed alternative sourcing strategies to address electronic component shortages.
Initiated a restructuring of operational and legal organizational charts.
Took steps to diversify the resources of DELTA DRONE ENGINEERING to achieve financial autonomy.
Sold shares in DELTA DRONE COTE D'IVOIRE and created a commercial relationship with WEESURE.
Depreciated the residual value of R&D expenses and acquisition discrepancies.

Frameworks Used: IFRS