ales: 0 first-half results

24 July 2013

Neuilly-sur-Seine, 24 July 2013 The Board of Directors of Thales met today to review the accounts for the first half of 2013. Commenting on the results, Jean-Bernard L vy, Chairman and Chief Executive Officer, said:In the first six months of 2013, we saw further improvement in our results, thanks to our ongoing performance plan and the positive trend in sales. This encouraging performance enables us to confirm all our 2013 objectives.

Order intake: 5.73bn, a 3.4% organic (1) decline compared to 30 June 2012

Sales: 6.47bn, a 3.9% organic (1) increase compared to 30 June 2012

EBIT (2): 360m, an 8.7% organic (1) increase compared to 30 June 2012

Adjusted net income (3): 225m, a 4,7% increase compared to 30 June 2012

Consolidated net income: 190m, a 17.2% increase compares to 30 June 2012

2013 objectives confirmed

in millions of euros

H1 2013

H1 2012

Total change

Organic change(1)

Order intake

5,728

6,1155(4)

-6%

-3%

Order book (4)

28,946

29,849 (5)

-3%

-2%

Sales

6,473

6,413

1%

4%

EBIT(2)

in % of sales

360

5.6%

338

5.3%

7%

9%

Adjusted net income(3)

225

215

5%

Adjusted net income per share(3)

1.12

1.08

4%

Consolidated net income

190

162

17%

Net cash

881

607

2013 first-half results will be commented by Jean-Bernard L vy, Chairman and Chief Executive Officer, and by Pascal Bouchiat, SEVP Finance & Information Systems, in a conference call held later on, at 6:30 pm (CET).

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

Wednesday, 24 July 2013 at 6:30 pm (CET):

Dial-in number from France: 33 (0)1 70 77 09 35.

International dial-in number: 44 (0) 203 367 94 54.

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/5dkyiw5g.

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 282 117 #).

**********

(1) In this press release, organic means on a like-for-like basis and at constant exchange rates .

(2) After restructuring and before impact of purchase price allocation (PPA).

(3) In order to enable better monitoring and comparison of its financial and operating performance, Thales presents an adjusted net income, which is not strictly a GAAP measure, excluding non-operating and non-recurring items. Details of these adjustments can be found in the appendix.

(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) Order book at 31 December 2012

LINK:	http://www.thalesgroup.com/Press_Releases/Group/2013/Thales__2013_firs...
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