KEY FIGURES FOR THE 1 st HALF OF 2020
| H1 2020 | H1 2019 | ||
| Order intake |
€ 984 million
5 Falcon |
€ 2,900 million
7 Falcon Rafale OCM RAVEL |
|
| Adjusted net sales (*) |
€ 2,641 million
7 Rafale Export 16 Falcon |
€ 3,058 million
10 Rafale Export 17 Falcon |
|
| as of June 30, 2020 | as of December 31, 2019 | ||
| Backlog
|
€ 16,193 million
68 Rafale of which 28 Rafale France 40 Rafale Export 42 Falcon |
€ 17,798 million
75 Rafale of which 28 Rafale France 47 Rafale Export 53 Falcon |
|
| H1 2020 | H1 2019 | ||
| Adjusted operating income (*)
Adjusted operating margin |
€ 55 million
2.1% of net sales |
€ 250 million
8.2% of net sales |
|
| Research & Development |
€ 262 million
9.9% of net sales |
€ 258 million
8.4% of net sales |
|
| Adjusted net income (*)
Adjusted net margin |
€ 87 million
3.3% of net sales |
€ 286 million
9.3% of net sales |
|
| as of June 30, 2020 | as of December 31, 2019 | ||
| Available cash | € 3,921 million | € 4,585 million | |
Note: Dassault Aviation recognizes Rafale Export contracts in their entirety (including the Thales and Safran parts).
Main aggregates under IFRS in € million (see reconciliation table in appendix)
| ( *) Consolidated net sales | 2,646 | 3,066 |
| ( *) Consolidated operating income | 57 | 259 |
| ( *) Consolidated net income | 32 | 254 |
Saint-Cloud, July 23, 2020 - The Board of Directors met yesterday under the chairmanship of Mr. Éric Trappier and approved the 2020 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.
The Covid-19 epidemic triggered an unprecedented global crisis as to its sanitary and economic consequences, its magnitude, its geographic scope and its duration.
First of all, I would like to thank, from the bottom of my heart, the healthcare workers who took care of all the patients with an admirable devotion, as well as all the employees of the Group for their involvement and the team spirit they made proof of on a daily basis.
We contributed to the national effort in France by providing our Falcons. Dassault Aviation took part in the operation called “Résilience”, with the French Ministry of Armed Forces, our Falcons flew healthcare workers and medical equipment within France and worldwide. Besides, in the frame of the operation organized by Aviation Without Borders (ASF), our Falcon repatriated and transported healthcare personnel or medical equipment on request.
During this period, Dassault Aviation Group adapted and reorganized its operations to ensure employee safety, and launched a Business Continuity Plan.
Regarding Dassault Aviation Parent Company, after production activities were suspended on March 18, followed by tertiary activities on March 23, business gradually resumed in successive steps from April 3, in an ongoing dialogue with staff representative bodies (including the Central Economic and Social Committee and the Health, Safety and Working Conditions Committee), in accordance with health and social constraints by focusing on remote working and by deploying temporary furlough measures when this was unavoidable. On June 8, further to the national lockdown lifting, on site presence became the norm, together with remote working to cope with the workspace occupancy rate.
