DASSAULT AVIATION GROUP RESULTS 2018 2017 (pro forma IFRS 15) Order intake EUR 5,024 million 12 Rafale Qatar 42 Falcon (52 orders and cancellation of the last Without the compensation of USD 280 million received from Safran following the termination of the Silvercrest engine contract, the net margin would stand at 10.8%. Agreement * Required. 2018 KEY ADJUSTED CONSOLIDATED DATASee table of reconciliation between the consolidated income statement and the adjusted income statement in the appendix. Dassault Systemes SA annual revenue for 2020 was $5.086B, a 13.01% increase from 2019. The operating margin was 13.2%, compared to 7.3% in 2017. The higher percentage of self-financed Research and Development expenses (7.7% of net sales in 2018 compared with 6.4% in 2017) partially offsets these positive elements. The Defense Export backlog stood at EUR 14,217 million, compared with EUR 13,964 million at December 31, 2017. Export order intake represented 80%. 2018 net income was EUR 681 million compared to EUR 410 million in 2017 (IFRS 15 pro forma). Defense programs2018 Defense net sales amounted to EUR 2,485 million, compared to EUR 1,875 million in 2017 (IFRS 15 pro forma). Production of the first Falcon 2000 subassemblies (T3 front tank) completed in December 2018, first T1 section in February 2019. expanded our industrial ecosystem in India for our production line, with the deployment of a Supply Chain, regarding at first primary parts, tools, pylons, containers, as well as our engineering department activities, with the establishment of an engineering center in Pune (India). 2018 operating income was EUR 669 million compared to EUR 357 million in 2017 (IFRS 15 pro forma). Available Cash of the Group amounted to EUR 5,211 million as of December 31, 2018 versus EUR 4,121 million as of December 31, 2017, up by EUR 1,090 million mainly due to the net income for the period and the down payments received under the ongoing Rafale Export contract. Categories. the start of a new nEUROn flight test campaign dedicated to stealthiness demonstration with the French Procurement Agency, the French Air Force, and the French Navy, in the frame of a contract for studies and flight tests over 2018-2020. launched the industrial operations of the JV DRAL: 2018 being the start of the ramp-up. Besides, 2018 was eventful for the Company, in both defense and civilian programs. Dassault Systemes SA annual revenue for 2019 was $4.5B, a 9.58% increase from 2018. Their total assets in 2018 were listed at €16.976 billion. In addition, 2 Rafale Marine retrofitted to the F3 standard were delivered to France in 2018. €765 million (2019) Net income. Net income per share in 2018 stood at EUR 82.1/share, compared with EUR 49.8/share in 2017. Without the compensation of USD 280 million received from Safran following the termination of the Silvercrest engine contract, the operating margin would stand at 9.2%. It includes in particular 36 Rafale for India, 36 Rafale for Qatar and 1 Rafale for Egypt (versus 36 Rafale for India, 24 Rafale for Qatar and 10 Rafale for Egypt in 2017). Load More Subscribe to our investor news feed Full name * Required. for the pyrotechnic, the contractualization of 2 studies with the French Defense Procurement Agency (DGA) and the French Space Agency (CNES) in order to apply the pyrodigital technology allowing a securitized digital bus to convey the pyrotechnic orders for both Callisto demonstrator and Rafale. Our task is to carry on their legacy. Dassault Aviation: Financial Release - 2018 annual results. The program development is in line with the schedule: the primarily development stage has been completed; first structural parts are being manufactured. "Virtual plateau" technology, allowing all the design offices to work together simultaneously within short deadlines, was deployed for the Falcon 7X trijet program. Dassault Aviation complete version of the 2018 Annual Financial Report (Rapport financier annuel) as of 31 December 2018 is available to the public and has been filed with the French Financial Markets Authority (Autorité des Marchés Financiers). gains and losses resulting from the exercise of derivative hedging instruments that do not qualify for hedge accounting under IFRS. Availability of a short form of the 2020 Annual Financial Report A short form of the Dassault Aviation 2020 Annual Financial Report (version abrégée du Rapport Financier Annuel 2020) is available to the public, awaiting the issuance of the statutory auditors' reports. The improvement in the operating margin can also be explained by the recovery in the pre-owned aircraft market and by the improvement in the hedge rate (USD 1.19/EUR in 2018 vs. USD 1.21/EUR in 2017). The Board of Directors decided to propose to the Annual Shareholders' Meeting the distribution of a dividend of €21.2/share in 2019, corresponding to a total of EUR 177 million, i.e. the Falcon 8X which demonstrated its long range capacity (Singapore - London in 14 hours) is still an unmatched aircraft in terms of comfort and is acknowledged for being the most silent aircraft on the market. delivery of 3 Rafale to France, bringing the total Rafale delivered to the French Forces up to 152 (the last 28 Rafale out of the 180 aircraft ordered being forecasted to be delivered from 2022 on). E-mail * Required. Appendix 1: table of reconciliation between the consolidated income statement and the adjusted income statement The impact in 2018 of adjustments to income statement aggregates is presented below: The impact in 2017 of adjustments to income statement aggregates (IFRS 15 pro forma) is presented below: (1) in order to reflect the actual economic performance of the Group, the amount of the capital gains made on marketable securities to offset the expense recognized for the commercial dispute is also adjusted.To reflect the actual economic performance of the Group, and to monitor and compare performance, the Dassault Aviation Group presents an adjusted income statement of the following elements: Appendix 2: IFRS 15 impact on 2017 adjusted net income, Use of this site indicates acceptance of the. the continuation of the Egyptian Rafale support and the entry into force of the associated Maintenance in Operational Conditions contract. Éric Trappier, Chairman and Chief Executive Officer of Dassault Aviation, stated: "Above all, 2018 will be remembered for Serge Dassault's passing away. The backlog as of December 31, 2018 was EUR 19,376 million, compared to EUR 19,460 million as of December 31, 2017 (IFRS 15 pro forma). The decrease in inventories and work-in-progress resulting from Falcon activity was partly offset by the increase in work-in-progress related to Rafale Export contracts. 2019 net sales will rise significantly. Find out the revenue, expenses and profit or loss over the last fiscal year. By submitting this investor news registration form, I agree that the information … 41 new Falcon were delivered in 2018, (in line with our guidance of 40 Falcon deliveries), compared to 49 in 2017. the new service offer for a broadband connectivity such as "FalconConnect", an integrated management solution for communications and data exchanges between aircraft and ground networks. Annual stock financials by MarketWatch. Dassault Systèmes was established in 1981 to develop and market Dassault's CAD program, CATIA. the delivery to France of the last 2 Rafale Navy retrofitted from the F1 standard to the F3 standard; all 10 Rafale Marine now meet the F3 standard. This increase is mainly due to the change in the $/€ exchange rate between December 31, 2017 (1.20 $/€) and December 31, 2018 (1.15 $/€). 2018 Annual Report PDF 10.85Mo +1. Inventories and work-in-progress decreased by EUR 68 million and stood at EUR 3,403 million as of December 31, 2018. in 2017, the arbitration award relating to the commercial dispute between the Republic of China and a group of three French industrial companies, among which Dassault Aviation and capital gains made on marketable securities to offset that expense. Customers down payments received net of down payments paid to suppliers went up by EUR 563 million as of December 31, 2018 due primarily to down payments received under the ongoing Export Rafale contracts. (Sociétés Anonyme Belge de Constructions Aéronautiques), https://en.wikipedia.org/w/index.php?title=Dassault_Aviation&oldid=1009333315, Vehicle manufacturing companies established in 1930, Multinational companies headquartered in France, Articles with dead external links from November 2019, Articles with permanently dead external links, Wikipedia articles with WORLDCATID identifiers, Wikipedia articles with multiple identifiers, Creative Commons Attribution-ShareAlike License, Benoît Berger, executive vice-president, industrial operations, procurement and purchasing, Bruno Chevalier, senior executive vice president, military customer support, Benoît Dussaugey, senior executive vice president, international, Jean-Marc Gasparini, executive vice president, military programs, Didier Gondoin, senior executive vice president, engineering, Frédéric Lherm, senior executive vice president, industrial operations, Gérald Maria, senior executive vice president, total quality, Yves Petit, senior vice-president, human resources, Philippe Massot, senior vice president, military sales France, Jean Sass, executive vice president, IT, and chief digital officer, Olivier Villa, senior executive vice president, civil aircraft, Frédéric Petit, senior vice president, Falcon programs, Bruno Giorganni, executive committee secretary, senior vice president, public affairs and security, Stéphane Fort, senior vice-president, corporate communications, St. Using software to design a more sustainable future. Winter 2018 Issue. View interactive map. Physical models were replaced by virtual digital mock-ups enabling a first version to be produced that is directly operational. At the same time, Dassault Aviation and Airbus Defense and Space signed an agreement confirming Dassault Aviation's leadership as architect for the combat aircraft (ILA Berlin in April 2018). Only risk what you can afford to lose. 9 Rafale were delivered to Egypt and 3 Rafale to France in 2018, compared with 8 to Egypt and 1 to France in 2017. SWOT. AD 2018-24-03 applied to all Dassault Aviation Model Falcon 10 airplanes. 42 Falcon were ordered in 2018 (52 orders and cancellation of the last 10 Falcon 5X). The France Defense backlog stood at EUR 3,011 million compared to EUR 3,039 million as of December 31, 2017. Dassault Systemes Earnings Are on Track for 2018 The software company is getting ready for future growth by selling new licenses and increasing adoption of its new software platform. The negative net financial result is the consequence of the financing component recognized for Rafale contracts in a first time as a financial expense before being recognized in net sales along with deliveries. the development of a high-quality customer support network, by the acquisition of service centers strengthening our footprint, in Europe, Asia-Pacific, Africa and Middle-East. Dassault Aviation are a subsidiary company of the Dassault Group, specializing in the manufacturing of civil and military aircraft. the delivery of 9 Rafale to Egypt, bringing the total number of aircraft delivered to 23 out of the 24 ordered. Note: Dassault Aviation recognizes Rafale Export contracts in their entirety (including the Thales and Safran parts). Airplanes; Helicopters; Private Jets; Flight Training; Travel; Military; General; Gear; Reviews. After World War II, Marcel Bloch changed his name to Marcel Dassault, and the name of the company was changed to Avions Marcel Dassault on 20 January 1947. Tests on the PW812D engine are also on time: 4 engines are being tested and 120 hours were run on a flying test bench. the continued upgrading works on the French Mirage 2000D (the Mirage 2000N entered into service in 1988 was discarded from French Air Forces). Saint-Cloud, 14 March 2019 Availability of the complete version of the 2018 Annual Financial Report as of 31 December 2018. Derivative financial instruments had a market value of EUR 14 million as of December 31, 2018, compared to EUR 161 million as of December 31, 2017. Sales were impacted by the lower number of new aircraft delivered. Falcon service stations / Command centers. ****The "book-to-bill ratio" (orders intake/net sales) was 1.0 for 2018. Dassault Systemes SA annual revenue for 2018 was $4.107B, a 12.56% increase from 2017. View the latest DUAVF financial statements, income statements and financial ratios. His passion, his tenacity, his vision, his patriotism stay in our hearts and our history. 2019 outlookThere are many strategic challenges for 2019: The Group plans to deliver 45 Falcon and 26 Export Rafale in 2019. The NPRM published in the Federal Register on December 7, 2020 (85 … Defense programs2018 Defense orders totaled EUR 2,710 million, compared with EUR 905 million in 2017 (IFRS 15 pro forma), due in particular to the order of 12 Rafale following the coming into force of the option exercised by Qatar and the F4 Standard notification for the Rafale (firm and optional batches announced, however firm batch only recorded in 2018 order intake). Dassault Aviation SA said Friday that 2020 profit and revenue fell as the aviation industry is still suffering from the coronavirus pandemic and said it expects higher sales in 2021. CAPTCHA. From the 1950s to late 1970s exports become a major part of Dassault's business, major successes were the Dassault Mirage series and the Mystere-Falcon. Falcon programs2018 Falcon net sales amounted to EUR 2,599 million, compared to EUR 3,001 million in 2017 (IFRS 15 pro forma). 2017 Annual Report PDF 11.24Mo +1. Dassault Aviation at EBACE 2018 (Saint-Cloud, France, May 25, 2018) - From May 29 to 31, Dassault Aviation takes part in the EBACE show in Geneva, the major European business aviation event. the announcement of the launch of the Falcon 6X to replace the Falcon 5X and the amicable agreement signed with Safran to settle the dispute over the difficulties encountered with the Silvercrest engine. Under the earnings distribution policy, Group employees will receive, in profit-sharing and incentives, EUR 140 million (whereas the legal formula would have led to the amount of EUR 30 million), i.e. In 1944 Bloch was deported to the Buchenwald concentration camp by the German occupiers where he remained until it was liberated on 11 April 1945. The 2018 net financial result was EUR -77 million compared to EUR -57 million in 2017 (IFRS 15 pro forma). in Customer Support , Dassault Aviation was first in several categories of the Aviation International News (AIN) ranking (#1 Overall Average, #1 AOG Response, #1 Warranty Fulfillment, #1 Parts Availability, #1 Overall Aircraft Reliability, #1 Technical Reps). In 2000 Serge Dassault resigned as chairman and was succeeded by Charles Edelstenne. Dassault Aviation at EBACE 2018 (Saint-Cloud, France, May 25, 2018) - From May 29 to 31, Dassault Aviation takes part in the EBACE show in Geneva, the major European business aviation event. 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