logo
Share SHARE
FONT-SIZE Plus   Neg

Dassault Aviation 2011 Net Profit Incl. THALES Rises - Quick Facts

Dassault Aviation (DUAVF.PK) reported 2011 net income, including THALES, of 407 million euros, up 10% from last year.

Excluding THALES, net income was 282 million euros, lower than 395 million euros a year ago.

Consolidated net sales declined to 3.31 billion euros from 4.19 billion euros in the prior year.

Charles EDELSTENNE, Chairman and CEO of the Group, stated,

" 2011 is marked, as expected, by a net sales significant decrease. This decrease results from a noticeably lower number of business jets deliveries compared to 2010, our Falcon historical delivery record.

However, 2011 net income is improving, thanks to Thales contribution. Thales 2011 good results are in line with their forecast..."

Going forward, DASSAULT AVIATION Group expects to deliver around 65 FALCON and 11 RAFALE in 2012. Net sales should consequently remain even.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet. Set-top box maker TiVo Inc. (TIVO), Tuesday reported a slight drop in profit for the first quarter despite an increase in revenue, as its bottom line was impacted by a one-time interest expense. Nevertheless, both earnings and revenues for the quarter trumped Wall Street estimates, on subscription growth,...
comments powered by Disqus
Follow RTT