2014 revenue: 162.2 M€ Return to growth as expected: + 2.6% in H2 2014 Good order prospects in the very short-term

In line with our objectives, the second half of 2014 has seen a return to growth, up 2.6% on the same period in 2013, with the group posting revenues of 162.2 M€ for fiscal 2014, an increase of 0.1% on the previous year.
As of end December 2014, orders stood at 129.3 M€, falling short of group expectations of a major defense sector contract before December 2014. However this strategically important contract, spanning several years, is due to be notified over the next few weeks and will bring a significant boost to our order books, which at end December 2014 represented almost 13 months’ worth of revenue.
2014 revenue: 162.2 M€  Return to growth as expected: + 2.6% in H2 2014 Good order prospects in the very short-term

Defense, Space and Homeland Security

In the Defense & Security sector, the group has continued to push forward its projects and development initiatives in France and abroad, in air defense systems, geospatial intelligence, and air traffic control communications (VCS). CS now has a complete suite of cybersecurity solutions for example, for the protection and defense of the Armed Forces Information System (performance supervision and security events). CS has made particular investments to address this growing market with innovative and exclusive solutions responding to the needs of governments, sensitive companies and industries, and Vitally Important Operators.

As of end December 2014, orders for this business sector had topped 20 months’ worth of revenue; this will increase significantly following the upcoming contract notification.

In the Space sector, business remains buoyant in both France and Europe. In fiscal 2014 CS contributed to the success of the Rosetta mission launched by the CNES [French Space Agency], implemented the CSO (Composante Spatial Optique : Optical Space Component) user Ground Segment for the Musis program, and carried out several projects for the ESA in preparation for the launch of the Sentinel 2 satellite (Copernicus program).

Aeronautics, Energy & Industry

In the aeronautics sector, growth in North America, some of whose projects are carried out in France, has made it possible to offset the decline of business caused by the downsizing of major Airbus engineering programs.
Over the last year, the group has leveraged its unique expertise in secure software development and certification, digital simulation, PLM, Big Data and industrial IT, reaching out to promising new clients in Aeronautics, Energy and Industry (including Renault, Valéo, Toyota and Rockwell).


Thanks to its strong position in the field of tactical systems (army training and tactical data links), Diginext has once again posted increased orders, at 20.4 M€ (up from 19.8 M€ in 2013). Despite a 6% decrease in revenue, Diginext business remains well oriented with a book-to-bill ratio of 1.3.
Staffing levels as of 31 December 2014 stood at 1,773, up from 1,733 on 31 December 2013. The group recruited 177 staff (on permanent contracts) in fiscal 2014. The average occupation rate for billable staf], Products excluded (Diginext subsidiary), is stable compared to 2013 at 82%.

Annual results for fiscal 2014 are scheduled for 28 April 2015 (after trading).


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

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