ales: 04 annual results

Thales: 2014 annual results

Thales: 2014 annual results

February 26, 2015

The Thales Board of Directors met on 25 February 2015 to close the financial statements for financial year 2014[1].

Patrice Caine, Chairman & Chief Executive Officer, stated: Thales achieved a very good commercial performance in 2014, with a significant increase in order intake in all our business segments. Excluding the impact of DCNS, the Groups profitability improved yet again. This positive momentum should continue in 2015, with the return to a growth in sales and increased results.

Order intakes: 14.36 billion up 11%

Sales stable at 12.97 billion

EBIT4: 985 million, after the deduction of 117 million for the impact of the net loss by DCNS

Adjusted net income - Group share4: 562 million

Dividend per share: 1.12

( million)

2014

2013[2]

Total change

Organic change[3]

Order intake

14,363

12,928

11%

8%

Order book

27,285

24,469

12%

6%

Sales

12,974

12,698

2%

-1%

EBIT[4] excluding DCNS[5]

in % of sales

1,102

8.5%

971

7.6%

13%

8%

EBIT4

in % of sales

985

7.6%

1,011

8.0%

-3%

-8%

Adjusted net income - Group share4

565

642

-12%

Adjusted net income - Group share, per share4

2.75

3.20

-14%

Consolidated net income - Group share

714

573

25%

Dividend per share

1.12

1.12

0%

Free operating cash flow[6]

501

477

5%

Net cash

1,006

1,077

-7%

[1] On the date of this press release, the account audit procedures were complete and the Statutory Auditors Report was in the process of being issued.

[2] In this press release, all of the 2013 data have been restated to take into account the introduction of the IFRS 10/11 standards.

[3] In this press release, organic means at constant scope and exchange rates .

[4] Non-GAAP measure, see definition in the appendix.

[5] In this press release, excluding DCNS means excluding the impact of the 35% share in the net income (loss) from DCNS, i.e. a loss of 117 million for 2014 and profit of 40 million for 2013.

[6] Operating cash flow before interest and tax change in working capital requirements and provisions for contingencies - net financial interest paid - pension benefits (excluding payments to reduce deficits and changes in the United Kingdom) - taxes paid - net operating investments.

LINK:	https://www.thalesgroup.com/en/worldwide/group/press-release/thales-20...
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