Competitiveness, innovation and exports:
the driving force behind continuous & profitable development
Operating profit (EBIT) over 10% for the seventh year
Orders: €2.8B, representing over 3 years’ worth of business
Versailles, February 28, 2013 – Nexter Systems’ board of directors met in Versailles, France on February 27, 2013 to close the consolidated financial statements for the Nexter Group’s 2012 financial year.
Despite the uncertain economic climate, which, in Europe, is also characterized by restricted national budget policies, the Group met its objectives for 2012 in terms of orders, income and profitability.
The Nexter Group's signed orders total €862M, with exports accounting for 75% of this sum. This reflects the Group’s ability to place products and services from a renewed range of weapons systems and munitions on several export markets. This year, three major orders added nearly €535M to the order book. By including conditional work packages from commercial contractual commitments in progress, the Nexter Group’s order book totals €2.8B, the equivalent of three years’ worth of business.
The Group’s consolidated revenue totals €742M, which is in line with the objectives the Group set for the 2012 financial year. Again this year, the Group's business is marked by the fulfillment of contractual commitments, as testified by maintaining a very strong DGA quality ranking.
For the seventh consecutive year, the Nexter Group has posted a consolidated operating margin that is 10% higher than the Group’s revenue, evidence of a robust economic model. This performance attests to the Group’s ability to manage contractual commitments.
The Nexter Group’s consolidated net profit totals €93M. This figure takes into account the high share of spending earmarked for research and development for the range of products and services (nearly 18% of consolidated revenue), approximately half of which is self-financed.