(BFM Stock Exchange) – The specialist in electro -optical detection and imaging technologies announced on Monday, September 29, a “major” order on the Spanish army on Monday, September 29.

In addition to almost 130% since the beginning of the year, Exoseens found itself in the fire of the stock market ramp, so much so that the group joined the SBF 120 at the end of March, the second index of the Parisian square, a year after its IPO.

Like other companies widely exposed to the Defense sector, the specialist in intensifying image tubes for the military twins of night vision has benefited from the multiple advertisements of military budgets in Europe.

As a world leader, Exosens benefits from its position as a strategic supplier in the countries of the North Atlantic Treaty Organization (NATO) and their main allies of image intensifying tubes for night vision systems. The company has won several major contracts in markets such as, Germany, the United Kingdom, Poland, Belgium, Finland, France or Australia, among others.

A Spanish order of great importance

A new European army signs a contract with the group. Exoseens announced this Monday, September 29, having won “a major contract” with the Spanish army.

This order relates to a supply contract on 17,000 monocular new generation night vision that Exusians will deliver between 2025 and 2028.

“This is the first order of such magnitude by the Spanish armed forces since the Spanish government’s decision to increase its national defense budget to 2% of GDP,” said Exoseens in its press release.

Exoseens explains that this contract will allow the Spanish armed forces to have complete equipment of 4G 16 mm image intensifying in monocular and binocular apparatus with a wide field of vision of 50º. “Spain is the first country in the world to adopt these modern and high -performance devices in a universal way,” added the group.

TP ICAP Midcap notes for its part that the originality is that it includes image intensifying tubes (I² tubes) and night vision glasses (4G version in 16mm with 50 degree vision field).

The Design Office recalls that Exusians recently strengthened its offer with the repurchase of the manufacturer of night vision glasses NVLS, with whom the Spanish armed forces had already signed in 2019 a multi -year contract. The latter focused on the supply of monocular year/PVS14, and the delivery of 4G 16 mm tubes for binoculars with a field of vision of 50 ° intended for the army and the Spanish navy.

A contract valued at 85 million euros

“From now on, the integrated offer allows Exosens to sell a complete Tube + JVN set and therefore almost double the average value per unit sold, since the I² tubes represent around 60% of the price of the JVN (night vision binoculars)”, details TP ICAP Midcap.

Based on a sale price of a monocular estimated at around 5,000 euros, the financial intermediary values ​​the contract at around 85 million euros in business volume spread over 2025-2028. What, on a NVLS scale, is a particularly significant order, he adds.

On the Paris Stock Exchange, Exonosens increased by 3.80% around 3:05 pm after the announcement of this “major” contract with the Spanish army.

At the beginning of September, Stifel had split a positive note from exosens. The design office had renewed its advice to “purchase” ‘with an objective of courses enhanced from 38 to 47 euros, considering that its valuation at 30 times the benefits expected for 2026, “is justified given the underlying performance of the company, the indicators of its peers and their respective valuations”.

Stifel had also identified upward catalysts for action, with the next publication of results. The design office expects “high levels of growth and profitability, higher than sectoral averages”.

For 2025, EXOSENS aims to growth in turnover at the top of a range between 15% and 20% and growth of the EBITDA (gross operating result) adjusted in the bottom of a range between 20% and 25%.