DCNS prof­itable growth con­tin­ues

SP's MAI - - CORPORATE -

DCNS per­formed very well dur­ing the first half of 2012. “Our growth was in line with our tar­get to dou­ble Group rev­enue be­tween 2010 and 2020. The out­stand­ing com­mit­ment of all DCNS teams con­trib­uted to the fur­ther in­crease of our per­for­mance, once again in line with our tar­gets. These achieve­ments im­prove our com­pet­i­tive­ness on our key mar­kets while en­abling us to in­vest in the fu­ture. De­spite the cur­rent eco­nomic en­vi­ron­ment, this is all to our ad­van­tage as we strive for suc­cess,” said Patrick Boissier, Chair­man & CEO of DCNS.

In the first half of 2012, or­ders in­take reached €813 mil­lion, com­pared with €1.2 bil­lion in the first half of 2011. Ma­jor H1 2012 or­ders in­cluded through-life sup­port for the French Navy’s sub­marines and FREMM multi-mis­sion frigates.

At end June 2012, DCNS’ or­der book was worth €14.2 bil­lion, sta­ble com­pared to end June 2011. This rep­re­sents five years of rev­enue. This strong or­der book fu­els the Group’s fu­ture growth.

Rev­enue in­creased to €1.4 bil­lion, com­pared with €1.2 bil­lion for the first half of last year, thanks to good progress on in­dus­trial pro­grammes for the French Navy (Bar­racuda sub­marines, FREMM frigates and through-life sup­port for front-line ships) and in Brazil, In­dia and Rus­sia.

For the first half of 2012, DCNS oper­at­ing profit be­fore im­pact of PPA in­creased to €98 mil­lion, or 7.0 per cent of rev­enue, com­pared with €85 mil­lion, or 6.9 per cent of rev­enue, for the same pe­riod last year. The Group is reap­ing the ben­e­fit of the trans­for­ma­tion pro­gramme launched in 2010 as part of the cham­pi­onship strate­gic growth plan. This strong bot­tom line will en­able DCNS to continue to in­vest in tech­no­log­i­cal in­no­va­tion, mar­ket de­vel­op­ment as well as in­dus­trial re­sources and skills.

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