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CS Group — Earnings Release 2012
Nov 9, 2012
1239_iss_2012-11-09_4068e249-62fe-4c87-b3e4-fcb556a96650.pdf
Earnings Release
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Le Plessis-Robinson - November 9, 2012
Revenues as of September 30, 2012: €124.7 million (+2.9%)
In Q3 2012, CS Group revenues reached €38.9 million, a 8.0% growth compared to Q3 2011. After 9 months, cumulated revenues amounted €124.7 million, up 2.9% versus September 30, 2011. Given outlook for Q4 2012, the level of expected growth for 2012 full year should be about 1 to 2%.
At end-September 2012, order intakes reached €88.0 million, a level similar to that registered in September 30, 2011. Backlog at end-September 2012 remains at a high level and represented 13.6 months of sales (14.3 months of sales as of September 30th 2011).
| Revenues1&2 (in €million) | Q3 2011 | Q3 2012 | Q3 12 / Q3 11 |
9 months 2011 |
9 months 2012 |
09/30/12/ 09/30/11 |
|---|---|---|---|---|---|---|
| Defense, Space & Security | 18.7 | 21.0 | +12.2% | 63.4 | 65.8 | +3.8% |
| Aeronautics, Energy & Industry | 15.0 | 14.6 | -2.2% | 49.0 | 48.3 | -1.4% |
| Products | 2.6 | 3.5 | +35.1% | 10.2 | 11.2 | +9.8% |
| Eliminations & other | -0.3 | -0.2 | NA | -1.3 | -0.6 | NA |
| Total CS | 36.0 | 38.9 | +8.0% | 121.3 | 124.7 | +2.9% |
| of which France | 30.3 | 32.1 | +5.9% | 103.0 | 104.5 | +1.5% |
| of which International | 5.7 | 6.8 | +19.3% | 18.3 | 20.2 | +10.4% |
1Unaudited figures
2 In accordance with IFRS 5, 2011 & 2012 revenues are restated of Intelligent Transportation System Activity, which was divested to Sanef Group (October, 3 2012 Press Release)
Defense, Space & Security
During Q3 2012, this activity recorded a sustained growth of its revenues (12.2% versus Q3 2011), especially thanks to the deployment of Air Defense programs and the rise of space activities in Germany and Italy.
Aeronautics, Energy & Industry
The sales momentum of this Activity remained favorable (47% growth in order intake versus Q3 2011), driven by the aeronautics activities in Canada and Romania.
Products
As expected, Diginext recorded during this quarter a sharp rebound in its order intakes and a strong growth of its revenues. -----------
As of September 30, 2012, the total number of employees was 1,699 versus 1,749 at the end of June 2012 and 1,785 at year-end 2011 (excluding ITS Activity).
For 2012, CS maintains its objective of operating margin improvement (versus 2011) and positive net income.
CS is a major actor in the design, integration and operation of mission critical systems. CS is listed on the Euronext Paris stock markets - Compartment C (Shares: Euroclear 7896 / ISIN FR 0007317813). For more information, please go to: www.c-s.fr
Press relations Barbara GOARANT +33 (0)1 41 28 46 94 [email protected] Investors contact Manuel Michel +33 (0)1 41 28 44 44 [email protected]