DASSAULT AVIATION : Dati trimestrali al 30 settembre 2009

FATTURATO CONSOLIDATO

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DASSAULT AVIATION : Dati trimestrali al 30 settembre 2009
FATTURATO CONSOLIDATO
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(in thousands of euros)	2009	2008	% variation
	as of 09/30	as of 09/30
First quarter	545,992	754,746	- 28 %
Second quarter	838,079	789,425	+6 %
Third quarter	908,689	989,257	- 8 %
TOTAL	2,292,760	2,533,428	- 9 %

Nota: questi dati provvisori non sono raffrontabili in quanto non riflettono il fatturato annuo.

PANORAMICA GENERALE DEL CONTESTO DELL'ATTIVITÀ DEL GRUPPO DASSAULT AVIATION

- Ordini consolidati:

Per motivi commerciali e di concorrenza, il Gruppo ha deciso di non divulgare gli importi degli ordini per prodotto (DIFESA e FALCON).

Gli ordini consolidati per il terzo trimestre 2009 si attestano a EUR (0.9) miliardi contro EUR 1.9 miliardi del terzo trimestre 2008.

A fine settembre 2009 il totale ordini ammonta a EUR (2.0) miliardi contro EUR 4.6 miliardi nel 2008 per lo stesso periodo; i dati negativi sono dovuti alla cancellazione di ordini FALCON a causa della crisi.

ü Group activities :

The Group delivered 2 RAFALE and 25 FALCON aircraft within the third quarter 2009 (compared to 3 RAFALE and 13 FALCON aircraft in 2008 for the same period). During the third quarter 2008, the Group had invoiced the F3 Standard of the RAFALE aircraft.

At the end of September 2009, the Group delivered 9 RAFALE and 51 FALCON aircraft (compared to 7 RAFALE and 47 FALCON aircraft in 2008 for the same period).

The delivery rate of FALCON aircraft is planned to stay around the same level during the fourth quarter 2009.

The Group is still negatively impacted by the value of the US dollar ($/E 1.46 as of 09/30/2009) which is far from the 1 to 1 parity that would put it on an equal footing with the North American competitors.

Other highlights for the first nine months of the year include:

- the purchase in May 2009 of a 26 % stake in THALES,

- the FAA and EASA certification granted to the FALCON 2000LX in April, followed by the first deliveries,

- the pursuit of developments in progress (FALCON 900LX, SMS, EASy cockpit - step 2),

- the 1st global firing of a RAFALE Laser Guided Bomb (LGB) with the DAMOCLES Laser Designation Pod (LDP),

- the inauguration of the RAFALE F2 Simulation Center in Landivisiau,

- the end of the deliveries of the Greek MIRAGE 2000 aircraft retrofitted into MIRAGE 2000-5 and the beginning of the implementation of the second standard,

- the manufacturing of the first parts of the Unmanned Combat Air Vehicle (UCAV) demonstrator program nEUROn,

- the submission of an offer to the French Defense Ministry for the renting out of a MALE drone system in association with a foreign partner,

- the continuation of the negotiations for export of the RAFALE aircraft.

ü Financial structure :

Consolidated available cash (*) as of September 30, 2009, after the purchase of THALES shares, totaled EUR 1.6 billion compared to EUR 1.7 billion as of June 30, 2009.

The group is not exposed to any significant market risk with regard to its borrowings and marketable securities. The Group's marketable securities portfolio mainly comprises short-term monetary investments.

Cash at bank and in hand, monetary investments and time deposits represent more than 99% of the consolidated available cash excluding financial debts. Various investments (AMF reference, mainly monetary) represent less than 1% of the available cash.

(*) Specific indicator defined by DASSAULT AVIATION as follows: cash and cash equivalents + available-for-sale marketable securities (at market value) - borrowings.

ü Adaptation to the crisis :

Order cancellations and postponements have led the Group to reduce its production rates. Therefore, the Group has implemented furlough for a part of its workforce since September in order to adapt its production capacity to the activity.

Subsequent EVENT

- NetJets has informed Dassault early November of its new aircraft acquisition plan adapted to the current market crisis. It confirmed the long term partnership established between the two companies and set forth the delivery levels for the Falcon 2000LX and Falcon 7X until 2014. NetJets does not wish to keep firm commitments beyond this date which will result in a significant number of cancellations of existing orders. Deliveries for 2015 and beyond will be subject to future discussions between the two companies.

Copyright Hugin

The appendixes relating to the press release are available on:
http://www.hugingroup.com/documents_ir/PJ/CO/2009/160429_88_5T38_Information-trimestrielle-09-2009-ANGLAIS.pdf

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[CN#160429]