Dassault Aviation: 2019 adjusted net income up 20%

(CercleFinance.com) - 2019 revenue amounted to 7,341 million euros, up 44% compared to 2018, benefiting from a record delivery of Rafale aircraft.


The group's adjusted operating margin was 10.4% (13.2% in 2018 including Safran compensation for Silvercrest). This operating margin of 10.4% compares to a 2018 operating margin of 9.2% excluding Safran compensation.

Adjusted operating profit was 765 million euros, up 14% from 669 million euros in 2018. Adjusted net income reached 814 million euros, up 20% (vs. 681 million euros in 2018), representing a net margin of 11.1% of sales.

Order intake reached 5,693 million euros in 2019, up 13.3% from 5,024 million euros in 2018. Exports represented 49% of order intake. In 2019 Defense order intake amounted to 3,385 million euros, compared to 2,710 million euros in 2018.

Its consolidated order backlog at 31 December 2019 was 17,798 million euros, compared to 19,376 million euros at 31 December 2018.

In 2020, the group is set to deliver 40 Falcon (ISO 2019) and 13 Rafale (vs. 26 in 2019), with it expecting sales to fall. it said.


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