The Aerospatiale Matra group posted a 5 percent increase in sales for its first year of operation, including a 25 percent rise in Airbus business

Category

Finance

Paris, february 9th, 2000

1999 sales

Aerospatiale Matra logged sales worth 12,898 million Euros during its first year of operation, a rise of 4.9 percent compared with the pro forma figure for 1998.

Airbus

production rates have increased with the growing success of this family of jetliners (294 delivered in 1999, compared with 228 in 1998), bringing total Airbus sales to 5,471 million Euros. This marked a 25.4 percent increase over 1998 (19.2 percent with a constant dollar).

Helicopter sales grew 3.2 percent to 1,753 million Euros. Although this has yet to reflect the impact of major military contracts, especially for the Tiger (first deliveries planned for year-end 2003), helicopter business remained buoyant due to a strong civil market.

As announced, Dassault Aviation sales reflected the completion of a major military export contract at the end of 1998. However, due to record-breaking civil aviation sales and sustained product support business, sales totaled 1,318 million Euros, a decrease of only 6.2 percent.

Other aircraft activities, including maintenance, regional aircraft and light aircraft, rose 9.8 percent to 851 million Euros.

Space sales decreased slightly to 1,482 million Euros, a 1.9 percent drop due to slower satellite business. By the end of the year, launch vehicles were able to make up delays caused by late satellite deliveries at the beginning of the year.

As expected, Missile Systems business was directly affected by the hiatus between major contract deliveries, as sales fell 30.8 percent to 1,154 million Euros.

The Systems, Services and Telecom business, although undergoing a complete reorganization, recorded steady sales of 860 million Euros.


1999 orders and order book

The Aerospatiale Matra group booked orders worth 13,907 million Euros in 1999 (excluding Dassault Aviation), bringing the order book (excluding Dassault Aviation) at December 31st to 34,671 million Euros. This is 8.8 percent higher than at year-end 1998, and equal to three years of sales.

Airbus

business continued its record-breaking pace, as orders were booked for 476 aircraft, worth 5,632 million Euros, compared with 8,357 million Euros for 556 aircraft in 1998. Orders continued to largely outpace deliveries (294 aircraft delivered in 1999 and 307 planned for 2000), boosting the Airbus year-end order book to a record of 19,829 million Euros, covering more than four years of production and representing a 49 percent share of the global market.

Airbus booked more orders in all commercial transport segments this past year than any other company in the world. In particular, it recorded 120 orders for the latest family member, the Airbus A318, marketed for the first time in 1999.

Helicopter orders amounted to 3,165 million Euros, a rise of 70.2 percent over the previous year thanks to the Tiger military helicopter contract and sustained civil sector orders. The official go-ahead for the NH 90 is expected this year.

Sales by other aircraft activities rose 45.7 percent to 984 million Euros.

Operating in a difficult market, Space ORDERS fell 29.2 percent to 1,372 million Euros. Arianespace nonetheless consolidated its world leadership by winning 12 launch contracts out of 15 that came up for bid in 1999. This gives Arianespace 80 percent of the market by volume. Matra Marconi Space remained the leading European satellite manufacturer, and it namely signed contracts for the Nilesat and Metop satellites, then added Intelsat contract in early 2000.

Missile Systems orders reasonably decreased 18.4 percent to 1,892 million Euros, following an exceptional year in 1998, featuring the signature of major export contracts (especially for missiles to be deployed by Mirage fighters sold to Greece and the United Arab Emirates). Orders were still booked at a sustained pace in 1999, however, including the PAAMS contract. At December 31st, the order book stood thus at a record 5,954 million Euros, 20.4 percent higher than the year-earlier period, and equal to five years of business.

Systems, Services and Telecom orders rose 63.9 percent, to a total of 859 million Euros.


AEROSPATIALE MATRA

Société Anonyme with a Supervisory Board and a Management Board

share Capital 8 073 755 500 F

Head quarter : 37, boulevard de Montmorency, 75781 Paris CEDEX 16 France

572 094 514 R.S.C. Paris

Fiscal year : from 1st January to December 31st

 

GROUP CONSOLIDATED SALES
as of December 31st, 1999 compared to 1998

 

Sales

Chiffre d’Affaires

change

millions of francs

millions of euros

1999 /98

1999

1998

1999

1998

 

Aeronautics

Airbus

 
 

First quarter

7 790

6 732

1 188

1 026

15,7%

Second quarter

9 796

7 152

1 493

1 090

37,0%

Third quarter

8 309

5 383

1 267

821

54,4%

Fourth quarter

9 992

9 359

1 523

1 427

6,8%

Total

35 887

28 626

5 471

4 364

25,4%

Helicopters

 
 

First quarter

1 686

1 737

257

265

-2,9%

Second quarter

2 791

2 169

425

331

28,7%

Third quarter

1 904

2 045

290

312

-6,9%

Fourth quarter

5 119

5 188

780

791

-1,3%

Total

11 500

11 139

1 753

1 698

3,2%

Dassault Aviation Group

 
 

First quarter

1 447

1 986

221

303

-27,1%

Second quarter

2 417

2 719

368

415

-11,1%

Third quarter

2 141

2 504

326

382

-14,5%

Fourth quarter

2 643

2 008

403

306

31,6%

Total

8 648

9 217

1 318

1 405

-6,2%

other Aircraft activities

 
 

First quarter

1 708

1 160

260

177

47,3%

Second quarter

915

1 753

139

267

-47,8%

Third quarter

1 276

847

195

129

50,6%

Fourth quarter

1 682

1 325

256

202

27,0%

Total

5 581

5 084

851

775

9,8%

Total Aeronautics

 
 

First quarter

12 631

11 615

1 926

1 771

8,8%

Second quarter

15 919

13 793

2 427

2 103

15,4%

Third quarter

13 630

10 779

2 078

1 643

26,4%

Fourth quarter

19 436

17 880

2 963

2 726

8,7%

Total

61 616

54 066

9 393

8 242

14,0%

Space

 
 

First quarter

1 789

1 877

273

286

-4,7%

Second quarter

1 915

2 281

292

348

-16,0%

Third quarter

2 439

1 907

372

291

27,9%

Fourth quarter

3 576

3 846

545

586

-7,0%

Total

9 719

9 910

1 482

1 511

-1,9%

Missiles Systems

 
 

First quarter

849

1 650

129

252

-48,5%

Second quarter

2 204

3 269

336

498

-32,6%

Third quarter

1 469

1 727

224

263

-14,9%

Fourth quarter

3 045

4 285

464

653

-28,9%

Total

7 567

10 931

1 154

1 666

-30,8%

Systems, Services and Telecom

 
 

First quarter

999

1 049

152

160

-4,8%

Second quarter

1 380

1 263

210

193

9,3%

Third quarter

1 221

1 078

186

164

13,3%

Fourth quarter

2 043

2 261

311

345

-9,6%

Total

5 643

5 651

860

862

-0,2%

Other

 
 

First quarter

10

14

2

2

-28,6%

Second quarter

18

24

3

4

-25,0%

Third quarter

21

12

3

2

75,0%

Fourth quarter

14

26

2

4

-46,2%

Total

63

76

10

12

-17,1%

Total consolidated sales

 
 

First quarter

16 278

16 204

2 482

2 470

0,5%

Second quarter

21 436

20 630

3 268

3 145

3,9%

Third quarter

18 780

15 503

2 863

2 363

21,1%

Fourth quarter

28 114

28 297

4 286

4 314

-0,7%

Total

84 608

80 634

12 898

12 293

4,9%

To enable a comparison with the 1999 figures, the 1998 figures are restated on a proforma basis, as if the transfer of Dassault Aviation shares by the government, and the transfer of Matra Hautes Technologies shares by Lagardère SCA had taken place on January 1, 1998


AEROSPATIALE MATRA (DASSAULT AVIATION excluded)

ORDERS        
 

millions of francs

millions of euros

change

 

1999

1998

1999

1998

1999/1998

Airbus

36 943

54 818

5 632

8 357

-32,6%

Helicopters

20 761

12 201

3 165

1 860

70,2%

Dassault Aviation

         

other Aircraft activities

6 452

4 428

984

675

45,7%

Space

8 999

12 719

1 372

1 939

-29,2%

Missiles systems

12 412

15 212

1 892

2 319

-18,4%

Systems, Services and Telecom

5 635

3 437

859

524

63,9%

Other

25

4

TOTAL (DASSAULT excluded)

91 227

102 815

13 907

15 674

-11,3%

 

ORDER BOOK

 
 

millions of francs

millions of euros

change

 

1999

1998

1999

1998

1999/1998

Airbus

130 068

128 502

19 829

19 590

1,2%

Helicopters

29 841

22 001

4 549

3 354

35,6%

Dassault Aviation

 

Other Aircraft activities

4 346

2 696

663

411

61,2%

Space

20 709

21 161

3 157

3 226

-2,1%

Missiles Systems

39 058

32 450

5 954

4 947

20,4%

Systems, Services and Telecom

3 362

2 197

513

335

53,0%

Other

45

7

TOTAL (DASSAULT excluded)

227 429

209 008

34 671

31 863

8,8%

Press Contacts :

Roland SANGUINETTI : 33 1 42 24 24 26

Martine GALLAND : 33 1 42 24 22 54

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