04 half year results

2014 half year results

2014 half year results

July 24, 2014

Commenting on the results, Jean-Bernard L vy, 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: 5.22bn ( 0.8%), up by 13% in emerging markets

Sales almost stable ( 0.6%) at 5.70bn

EBIT5: 422m, an increase of 15%

Adjusted net income, Group share5: 257m, up by 13%

Objectives confirmed

[1] 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.

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]

in % of sales

422

7.4%

368

6.4%

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.

We are pleased to invite you to participate in this conference call in English:

Thursday, 24 July 2014 at 6:30 pm (CET)

Dial-in number from France: 33 (0) 1 70 77 09 37;

International dial-in number: 44 (0) 203 367 94 53.

It will be also possible to follow the conference call through a webcast by using the following link: http://www.media-server.com/m/p/qfggqazs.

If you are unable to listen to the call live, a digital replay will be available 2 hours after the end of the conference call and will remain available for two weeks.

To access the replay, please dial 33 (0) 1 72 00 15 00 or 44 (0) 203 367 94 60 (code 288 104 #).

Thales 2014 half year results - press release

LINK:	https://www.thalesgroup.com/en/worldwide/group/press-release/2014-half...
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