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
Embark Veterinary Inc., a startup that makes dog DNA-testing kits for pet owners, vets and breeders, said it has raised $4.5 million in funding from investors and relocated its headquarters to Boston. The company intends to use the new funding to expand its canine genetic testing suite for pet owners, breeders, and veterinarians. Intel Corp. has completely shut down its wearables division about two weeks ago, CNBC reported, citing a person familiar with the matter. The company reportedly intends to focus on augmented reality. According to the CNBC report, Intel laid off about 80 percent of the team that made the Basis fitness watch in November 2016 and has now eliminated the division entirely. The Federal Trade Commission is investigating allegations that Amazon.com Inc. misled consumers about its pricing discounts, Reuters reported, citing a source close to the probe. The FTC probe is reportedly part of the agency's review of Amazon's proposed $13.4 billion deal to buy grocery chain Whole Foods Market Inc.
comments powered by Disqus
Follow RTT