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Nexter Group 2013 results

Versailles, March 18, 2014 - The Nexter Systems Board of Directors met at Versailles today to approve the consolidated financial statements for the 2013 fiscal year.

In an environment that is competitive for land defense markets and stable or declining for Western markets, Nexter has achieved its objectives in terms of turnover and operating profitability without having to sacrifice self-financing efforts to prepare for the future. The Group has recorded a level of new orders in line with the average of previous years.

Nexter's total of orders amounted to €612 million. Two significant orders, the contract for 37 CAESAR® howitzers for Indonesia and the French multi-year large-caliber order, represent 43% of orders for the year. With the addition of the conditional tranches of commercial contracts in progress, Nexter's order book totaled €2.6 billion, accounting for nearly three years of business.

Nexter's consolidated turnover amounted to €787 million, consistent with the objectives the Group set itself for the year 2013. The share of turnover generated by Maintenance in Operational Condition contracts represents around one third of revenues, with the munitions share representing one quarter of revenues.

With a positive result for the eighth consecutive year, in 2013, Nexter has a consolidated operating margin of 14% of its turnover, confirming sound organic growth.
Nexter's consolidated net profit totaled € 74 million. This result takes into account a high level of expenditure on research and development (almost 18% of the consolidated turnover), of which almost half is financed by equity.


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