Thales : annual results 2013
The Board of Directors of Thales met on 19 February 2014 to close the financial statements for 2013[1]. Commenting on the results, Jean-Bernard Lévy, Chairman & Chief Executive Officer, said: "In 2013, Thales achieved a substantial improvement in operating profitability and a very strong growth of order intake in emerging countries. These results are a very encouraging first step. Despite a persistently unfavourable environment on Western defence markets, our results confirm our ambition to return to profitable growth, based on competitiveness efforts, a stronger international presence and the mobilisation of a unique set of capacities.”
- Order intake: €14.17bn, an increase of 7%
- Sales: €14.19bn, stable
- EBIT[2]: €1,003m, an increase of 8%
- Adjusted net income, Group share2: €644m, up 13%
- Adjusted net income per share2: €3.20, up 12%
- Dividend per share: €1,12, up 27%%
|
in millions of euros |
2013 |
2012 |
Total |
Organic change[3] |
|
Order intake |
14,168 |
13,285 |
+7% |
+10% |
|
Order book[4] |
29,527 |
29,849 |
-1% |
+0% |
|
Sales |
14,194 |
14,158 |
+0% |
+3% |
|
EBIT2 in % of sales |
1,003 7.1% |
927 6.5% |
+8%
|
+11%
|
|
Adjusted net result, Group share2 |
644 |
570[5] |
+13% |
|
|
Adjusted net income per share2 |
3.20 |
2.865 |
+12% |
|
|
Net result, Group share |
573 |
5865 |
-2% |
|
|
Dividend per share |
1.12[6] |
0.88 |
+27% |
|
|
Free operating cash-flow2 |
466 |
669 |
|
|
|
Net cash |
1,666 |
1,528 |
|
|
Thales’s results for the full year 2013 have been disclosed on Wednesday, 19 February 2014 at 5:45 pm (CET) and have been commented by the Chairman & CEO Jean-Bernard Lévy and the SEVP Finance & Information Systems Pascal Bouchiat in a conference call held later on, at 6:30 pm (CET).
It is possible to listen the replay of the conference call through a webcast by using the following link: http://www.media-server.com/m/p/utm3p4oo.
A digital replay is also available and will remain available for three months. To access the replay, please dial +33 (0) 1 72 00 15 00 or +44 (0) 203 367 94 60 (code 284 728 #).
Contacts
Media Relations
Matt Pothecary,
Alexandre Perra
+33 (0)1 57 77 86 26
pressroom@thalesgroup.com
Analysts / Investors
Jean-Claude Climeau,
Romain Chérin
+33 (0)1 57 77 89 02
ir@thalesgroup.com
[1] On the date of this release, the account audit procedures were completed and the certification report is in the process of being issued.
[2] Non-GAAP measure, see definition in appendix.
[3] “Organic” means “at constant scope and exchange rates”.
[4] In 2013, the Group revised the rules for valuing the order book, especially in civil avionics, so that the approach provides a better reflection of the economic reality.
[5] Restated to take into account the application of the IAS19R accounting standard.
[6] Total amount proposed to the AGM on 14 May 2014, including the interim dividend of €0.27 paid in December 2013.