2013 Revenue: € 162.0 million


Over fiscal year 2013, the group recorded a turnover of € 162.0 million, down 6.2% compared to year-ago level at constant perimeter. At end-December 2013, the order intake reached € 145.2 million. The backlog at end-December 2013 remained at a high level at 14.2 months of revenue (15.8 months of revenue at end-December 2012 at constant perimeter).


Revenues 1&2   (in € million)

2012

2013

2013/
2012

Defense, Space & Security

89.0

84.5

-5.1%

Aeronautics, Energy & Industry

67.5

62.0

-8.1%

Products

16.2

16.8

3.2%

Eliminations & other

0.1

-1.3

NA

Total CS

172.8

162.0

-6.2%

Of which France

144.9

134.5

-7,2%

Of which International

27.9

27.5

-1,4%

1 Unaudited figures

2 2012 figures restated for the changes in the scope of Security business distributed among the Defense, Space & Security and Aerospace, Energy & Industries Activities.


Defense, Space & Security
 
The restrictions on public expenditure have impacted the Group increase in the area of Defense & Homeland Security sector.
CS capitalizes on its expertise and its products in securing critical infrastructure to address cybersecurity needs, market with strong growth potential. CS offer is built exclusively on components notably for high security, implemented in the framework of its most sensitive projects. CS provides an appropriate response to the challenges of infrastructure protection, including for national critical industries.
 
In the space field, the activity remains dynamic. CS is increasing its market share at ESA, in Europe, especially in Germany and Italy. CS has just won, in partnership with Airbus Space & Defense, the design and integration of the CSO user ground segment in the framework of MUSIS program (multinational space-based system).
 
At end-December 2013, the order book for this Activity amounted to 19.5 months of sales (22.4 months of sales at the end of December 2012).
 
Aeronautics, Energy & Industry
The Group has intensified its efforts during the year to consolidate its positions with its key customers (Airbus Group, Pratt & Whitney Aerospace, CEA, IRSN and EDF Energy).
 
To compensate the downward trend in engineering projects at Airbus, CS has implemented an international organization of its service centers in embedded systems (Europe, North America and India) which allows it to support the growth of its activities in North America. The group also relies on its expertise in the development and certification of critical real-time and safety software, and in the PLM and IT industrial systems to address new customers in the Aerospace, Energy and Industry.
 
 
 
 
Products
Thanks to its European position in the field of tactical data links, both for training forces than for operations, Diginext recorded during this period, strong growth in order intake to 19.8 M € (11.2 M € in 2012) and its turnover increased by 3.2% (versus 2012) to € 16.8 million, bringing the ratio of book-to-bill of 1.2.
 
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The total number of employees as of December 31, 2013 was 1.733 versus 1.708 as of December 31, 2012. The Group hired 226 new employees over the year. The average occupation rate for billable employees totaled 82% (82.6% in 2012).
 
To restore growth in 2014, CS leads a development strategy which aims to strengthen its position in its strategic sectors and increase its market share by capitalizing on its expertise, solutions and products to catch new opportunities and provide new revenue, particularly in the areas of cybersecurity, engineering and certification of critical safety software, digital simulation and Product & Data Lifecycle Management.
 
During this year, the group recalls having conducted a capital increase of € 15 million (settlement reached on August 14) and implemented the agreement concluded on June 2013 with its banking and financial partners, including the early repayment of the € 10.4 million medium-term loan for an amount of € 7 million. At end-December 2013, total debt stood at € 22.7 million versus € 29.7 million at end-June 2013; cash net amounted to € 4.4 million against € 2.7 million at end-June 2013.
 
During this year, the Group recalls having conducted a capital increase of € 15 million (settlement reached on August 2014) and implemented the agreement concluded on June 2013 with its banking and financial partners, including the early repayment of the € 10.4 million medium-term loan for an amount of € 7 million. At end-December 2013, total debt stood at € 22.7 million versus € 29.7 million at end-June 2013; cash net amounted to € 4.4 million against 2.7 million at end-June 2013.
 
2013 annual results will be presented on April 30, 2014 (after stock market closing).


NB : unaudited figures

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 contact
Barbara GOARANT
+33 (0)1 41 28 46 94
Investors contact
Manuel MICHEL
+33 (0)1 41 28 44 44