18 February 2010
DOWNLOAD COMPLETE PRESS RELEASE AND FIGURES
- Revenues: €12,881m, organic growth (1) of +2%
- Order intake: €13,927m (–2%) (1), with several major contracts booked in France and on export
- EBIT (2): €151m, affected by significant charges on programmes and a difficult economic environment in aerospace and security
- Net income, Group share(2): –€128m, after significant impairment of intangible assets
- Solid financial position, with a marked increase in free operating cash flow to €800m
The Board of Directors of Thales (NYSE Euronext Paris: HO) met today to close the financial statements for 2009 (3). Thales Chairman and CEO, Luc Vigneron, commented: “In a persistently depressed global economic environment, our revenue growth and robust order intake are testimony to the solid foundations of our customer base, primarily governments and infrastructure operators. However, our results have been affected by significant difficulties on a number of contracts and by the crisis in the air transport sector. With a new management team in place, clear targets through the Probasis action plan and an organisational structure that brings us closer to our customers, the entire company is focused on returning to profitable growth.”
(1) In this release, “organic” signifies “on a like-for-like basis and with constant exchange rates”. Unless stated otherwise, all percentage changes in this release are organic changes.
(2) Results before adjustment for purchase price allocation (PPA). PPA reduced EBIT by €-99m and reduced net income by €-74m as detailed in appendix. In view of these adjustments, net income, Group share, stood at €-202m at end-2009, compared with €560m at end-2008.
(3) At the date of this release, the audit of financial statements is complete and the certification report is in the process of being issued.
DOWNLOAD COMPLETE PRESS RELEASE AND FIGURES