Thales releases 2013 annual results

Thales released that new orders for the Aerospace segment amounted to €4,130m in 2013, compared to €4,051m in 2012. Excluding the impact due to the disposal of activities in 2012 (civil fixed-wing aircraft simulation and Diehl Aircabin), Avionics order intake remained generally stable, as the continued growth of on-board avionics activities, both original equipment and support, and helicopter avionics compensated lower orders in in-flight entertainment and tubes & imaging businesses (after the high level witnessed in 2012). Aerospace sales amounted to €4,451m, a 1% increase compared to 2012 (+6% at constant exchange rates and scope). Avionics activities continued their strong progression, driven by flight avionics systems (Airbus, Bombardier), in-flight entertainment and military simulation activities (A400M). The Aerospace sector’s EBIT2 continues to grow and reached €370m (8.3% of sales) compared to €297m (6.7% of sales) in 2012. In Avionics, the marked growth in results, boosted by civil avionics activities and in-flight entertainment, is due to a favourable volume impact and improved project execution.