Dassault Aviation: DASSAULT AVIATION Group Quarterly information as of September 30, 2013
October 17 2013 - 2:52AM
DASSAULT AVIATION Group
Quarterly information as of September 30, 2013
+----------------------------------------------------------------------------+
| Order intake 41 FALCON compared to 37 as of September 30, 2012 |
+----------------------------------------------------------------------------+
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| Deliveries 41 FALCON and 7 RAFALE |
| compared to 43 FALCON and 6 RAFALE as of September 30, 2012 |
+----------------------------------------------------------------------------+
+----------------------------------------------------------------------------+
| Net sales EUR 2,588 million, up by 3% |
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Order intake and backlog
2013 first nine months orders amounted to EUR 2,195 million, compared to EUR
2,142 million over 2012 same period. Export represented 93% of the total order
intake.
New orders, net of cancellations, stood at 41 FALCON over 2013 first nine months
compared to 37 FALCON over 2012 same period. FALCON order intake reached EUR
1,965 million as of September 30, 2013 compared to EUR 1,598 million as of
September 30, 2012.
Defense orders stood at EUR 230 million over 2013 first nine months compared to
EUR 544 million as of September 30, 2012. Defense orders correspond to support
and development contracts. They are down by 58% compared to 2012 same period
which was marked by a significant order of simulators.
As of September 30, 2013, consolidated backlog amounted to EUR 7,480 million
compared to EUR 7,991 million as of December 31, 2012, down by 6%.
Net sales
Consolidated net sales amounted to EUR 2,588 million as of September 30, 2013
compared to EUR 2,521 million over 2012 first nine months, up by 3%. Export net
sales represented 76% of total net sales.
+----------------+-------+-------+-----------+
| (EUR million) | 2012 | 2013 | Variation |
+----------------+-------+-------+-----------+
| First quarter | 950 | 662 | - 30 % |
+----------------+-------+-------+-----------+
| Second quarter | 979 | 1,164 | + 19 % |
+----------------+-------+-------+-----------+
| Third quarter | 592 | 762 | + 29 % |
+----------------+-------+-------+-----------+
| TOTAL | 2,521 | 2,588 | + 3 % |
+----------------+-------+-------+-----------+
FALCON net sales were stable between the two periods. FALCON net sales reached
EUR 1,904 million as of September 30, 2013 compared to EUR 1,880 million as of
September 30, 2012. 41 FALCON were delivered in 2013 first nine months, compared
to 43 as of September 30, 2012.
FALCON net sales represented 74% of the consolidated net sales.
Defense net sales amounted to EUR 684 million as of September 30, 2013 compared
to EUR 641 as of September 30, 2012, up by 7%. In particular, 7 RAFALE were
delivered to French Air Force and Navy in 2013 first nine months, compared to 6
in 2012 same period.
The book-to-bill ratio reached 0.85.
Financial situation
The Group has defined a specific indicator, « available cash », that reflects
the Group's total liquidities net of borrowings.
Consolidated available cash reached EUR 3,350 millions as of September 30, 2013
compared to EUR 3,760 million as of December 31, 2012, down by EUR 410 million.
Group activities
Regarding business jets, FALCON 2000LXS and FALCON 2000S have both been
certified in the first nine months of 2013. FALCON 2000S deliveries have also
started.
Defense programs were marked by the publication of the French Government "Livre
Blanc" on Defense and National Safety. The French Military Program law, which is
its budgetary transcription, will have a direct impact on our Defense programs.
RAFALE program was marked, in the first nine months of 2013, by the continuation
of exclusive negotiations in order to equip the Indian Air Force with 126 new
aircraft, in the frame of the MMRCA program. Prospecting continues in other
countries.
In addition, the Indian MIRAGE 2000 modernization program is on track. First
flight, which occurred at the beginning of October in Istres, was a success.
Concerning drones:
* nEUROn (Unmanned Combat Aircraft demonstrator, with Dassault Aviation as
prime contractor of the program, with five European industrial partners):
the « Radar Cross Section » measurement campaign meets its goal and the
display of the aircraft at the Paris Air Show was a great success. Flight
tests campaign is being pursued.
* UCAS (Unmanned Combat Air System): Dassault Aviation and BAE Systems have
pursued the preparatory studies to launch a demonstrator.
* MALE (Medium Altitude Long Endurance): following up Paris Air show common
declaration of intent, Dassault Aviation and its industrial partners, EADS
and Finmeccanica, are working on the possibilities of designing and
producing together a European MALE drone.
2013 outlook
DASSAULT AVIATION Group expects to deliver around 70 FALCON (compared to 66 in
2012) and 11 RAFALE in 2013. 2013 net sales should be higher than 2012 net
sales. The "shutdown" in the United States might, however, impact these
forecasts.
Contact:
Stéphane Fort
Corporate Communication
Tel.: + 33 (0)1 47 11 86 90
More information on: www.dassault-aviation.com
DASSAULT AVIATION Group Quarterly information as of September 30, 2013: http://hugin.info/143388/R/1736167/581845.pdf
[HUG#1736167]
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