Dassault Aviation Group reports strong financial results for H1 2024, despite supply chain challenges

From GlobeNewswire: 2024-07-23 11:40:00

Dassault Aviation Group reported key figures for H1 2024, including order intake of €5,134 million, with 96% from exports, and adjusted net sales of €2,538 million. The backlog reached a record €41,157 million, with 223 Rafale orders. Adjusted net operating income was €170 million, with a net margin of 17.4%. The Falcon backlog stood at €4,758 million, with 83 units. The group is facing supply chain challenges impacting deliveries and customer support. In response to global conflicts, the Board of Directors prioritized Rafale production for both France and exports. The Group reaffirmed its commitment to military and civilian programs, with 11 Falcon orders and 12 deliveries in H1 2024. In the military sector, 6 Rafale were delivered to France, while the civilian sector saw the delivery of the first Falcon 6X. The Group is focusing on recruitment and CSR initiatives, including decarbonization efforts. Despite challenges in the supply chain, Dassault Aviation remains focused on future development and growth opportunities in India. Overall, the Group remains optimistic about the success of the Rafale program, with 495 aircraft ordered since its launch. The Group is taking steps to mitigate supply chain risks and ensure continued growth and profitability.



Read more at GlobeNewswire:: Half Year Financial Release 2024