KEY FIGURES FOR THE 1st HALF OF 2019
| H1 2019 | H1 2018 | ||
| Order intake |
€ 2,900 M
7 Falcon (n.b: end of August, 26 Falcon) Rafale OCM RAVEL | € 2,807 M
12 Rafale Export 18 Falcon | |
| Adjusted net sales (*) |
€ 3,058 M
10 Rafale Export (n.b: end of August, 16) 17 Falcon (n.b: end of August, 23) | € 1,709 M
2 Rafale France 15 Falcon | |
| as of June 30, 2019 | as of December 31, 2018 | ||
| Backlog
|
€ 19,226 M
91 Rafale (n.b: end of August, 85) of which 28 Rafale France 63 Rafale Export (n.b: end of August, 57) 43 Falcon (n.b: end of August, 56) | € 19,376 M
101 Rafale of which 28 Rafale France 73 Rafale Export 53 Falcon | |
| H1 2019 | H1 2018 | ||
| Adjusted operating income (*)
Adjusted operating margin |
€ 250 M
8.2% of net sales | € 111 M
6.5% of net sales | |
| Research & Development |
€ 258 M
8.4% of net sales | € 143 M
8.4% of net sales | |
| Adjusted net income (*) | € 286 M | € 186 M | |
| Adjusted net margin | 9.3% of net sales | 10.9% of net sales | |
| as of June 30, 2019 | as of December 31, 2018 | ||
| Available cash | € 4,756 M | € 5,211 M | |
Note: Dassault Aviation recognizes the Rafale Export contracts in their entirety (with the Thales and Safran parts) and the Operational Condition Maintenance (OCM) RAVEL contract for Rafale France, whereas for all other contracts, only the Dassault Aviation part is recognized.
(*) Main aggregates under IFRS (see attached reconciliation)
| Consolidated net sales | €3,066 M | €1,720 M |
| Consolidated operating income | €259 M | €124 M |
| Consolidated net income | €254 M | €125 M |
Saint-Cloud, September 4th, 2019 - The Board of Directors met yesterday under the chairmanship of Mr. Éric Trappier and approved the 2019 half year financial statements. The statutory auditors performed a limited review of these consolidated financial statements and the audit report for certification purposes is being issued.
Éric Trappier, Chairman and Chief Executive Officer of Dassault Aviation, stated:
“The first half of 2019 was dominated by uncertainty over the European elections, geopolitical tensions, terrorism, the trade war between China and the United States, Brexit and environmental pressures. The economic environment and the $/€ exchange rate remain unpredictable.
