25 July 2012
Neuilly-sur-Seine, 25 July 2012 – The Board of Directors of Thales (NYSE Euronext Paris: HO) met today to review the accounts for the first half of 2012(3). In that meeting, the Chairman and CEO of the Group, Luc Vigneron, stated: “During the first half, the Group demonstrated its resilience in a difficult environment. Our order intake is up in all our segments. The increase in revenues in our civil activities mitigates the impact of strong budget pressures in Defence and our results continue to improve. These elements and the continuation of the effort to improve our performance, which we have been engaged in for over two years, consolidate our position towards achieving our objectives for 2012.”
- Order intake: €6.10bn, up +16% (€5.84bn, an increase of +11% excluding DCNS impact)(1)
- Revenues: €6.41bn, an increase of 7% (€5.96bn excluding DCNS impact(1), a level equivalent to the first half of 2011)
- EBIT(2): €338m, representing 5.3% of revenues (+11%) and €301m, or 5.0% of revenues, excluding DCNS impact(1), stable compared with the results of the first half of 2011
- Net income, Group share(2): €175m, vs. €173m in first half of 2011
If you are unable to listen to the call live on July 25, 2012 at 6:30 pm, a digital replay is available for three months. To access the replay, please dial +33 (0) 1 72 00 15 00 or +44 (0) 203 367 9460 (code 277752#) or connect to the webcast link http://www.media-server.com/m/p/c3dv75d4.
(1)In this press release, “DCNS impact” means “impact of the 35% proportionate consolidation of DCNS vs. consolidation under the equity method at 35%”;(2)After restructuring and before impact of purchase price allocation (PPA). After PPA impact, amounting to €55 million compared with €36 million in the first half of 2012, reported EBIT (after restructuring) is €283 compared with €268 million in the first half of 2011. Reported net income is €139 million compared with €145 million in H1 2011.
(3) On the date of this press release, the limited review of the
financial statements has been completed and the report from the
statutory auditors is in the process of being issued.