2014 half year results
The Board of Directors of Thales met on 24 July 2014 to review the financial statements for the first half of 2014.
Commenting on the results, Jean-Bernard Lévy, Chairman and Chief Executive Officer, said:
"During this first half-year, Thales recorded another increase of its results. Despite persistent pressures on Western defence budgets, the Group continues to strengthen its position in emerging markets and to improve its profitability. We therefore confirm all of our objectives for 2014 and the medium term."
Key points
- Order intake: €5.22²ú²Ô (‑0.8%), up by 13% in emerging markets
- Sales almost stable (‑0.6%) at €5.70²ú²Ô
- EBIT5: €422³¾, an increase of 15%
- Adjusted net income, Group share5: €257³¾, up by 13%
- Objectives confirmed
|
in millions of euros |
H1 2014 |
H1 2013[1] |
Total change |
Organic change[2] |
|
Order intake |
5,220 |
5,262 |
-1% |
-1% |
|
Order book |
25,148 |
24,469[3] |
+3% |
-2% |
|
Sales |
5,695 |
5,732 |
-1% |
-2% |
|
EBIT[4] |
422 |
368 |
+15% |
+10% |
|
Adjusted net income, Group share5 |
257 |
227 |
+13% |
|
|
Adjusted net income per share, Group share5 |
1.26 |
1.14 |
+11% |
|
|
Free operating cash-flow[5] |
(535) |
(387) |
|
|
|
Net cash |
53 |
281 |
|
|
[1] IFRS 10/11 restated.
[2] In this press release, « organic » means « on a like-for-like basis and at constant exchange rates ».
[3] At 31 December 2013.
[4] Non-GAAP measures, see definitions in appendix.
[5] Operating cash flow before interests and tax + changes in working capital requirement (WCR) and reserves for contingencies - net financial interests paid - payment of pension benefits (excluding deficit payments on pensions in the United Kingdom) - tax - net operating investments.
Thales 2014 half year results have been disclosed on Thursday 24 July 2014 at 5:45 pm (CET) and have been commented by the Chairman and 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 reply of the conference call through a webcast by using the following link: .
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 288 104 #).