2009 Results - Nexter reports strong growth
TURNOVER: 887 M€ (up 53% on 2008).
ORDER BOOK: 2.508 M€ (three years of activity).
The Nexter Systems Board of Directors met on Tuesday, March 9 to approve the Nexter Group consolidated financial statements for the 2009 fiscal year.
Orders received by the Nexter Group during the 2009 fiscal year totaled €1,286 million, compared with €560 million in 2008. This 130% increase is the result not only of excellent order levels from our French customer base, but also the strong growth seen in export sales, which totaled €193 million for the year. The increase has also been driven by the weapons systems range development policy, which has already resulted in initial orders for fifteen highly protected ARAVIS® vehicles, twenty 105 mm light canons and fifteen SH20 retractable mounts for helicopters.
Consolidated turnover for the Nexter Group totaled €887 million in 2009 (€579 million in 2008). This 53% growth in Group consolidated revenue reflects increased deliveries of Armored Infantry Combat Vehicles (VBCI in French) and Caesar® canons, as well as armed forces equipment operational readiness services.
Consolidated turnover for the Nexter Group totaled €887 million in 2009 (€579 million in 2008). This 53% growth in Group consolidated revenue reflects increased deliveries of Armored Infantry Combat Vehicles (VBCI in French) and Caesar® canons, as well as armed forces equipment operational readiness services.
For the fourth consecutive year, the Nexter Group is able to report consolidated operating profit in excess of 10% of revenue, thus confirming its ability to deliver stable and consistent profitability. Current operating profit (excluding completed contracts) was 12.5% in 2009.
This performance also reflects the degree of control exercised by the company over its contracts.
Consolidated net income for the Nexter Group was €141 million for the 2009 fiscal year. This income takes account of the high level of expenditure devoted to new product research and development (11% of consolidated revenue).
The Nexter Group order book of €2,508 million represents approximately 3 years of work.