The Nexter Systems Board of Directors met in Versailles (France) Tuesday to approve the consolidated financial statements for the 2013 fiscal year.
In an environment that is competitive for land defense markets and stable or declining for Western markets, Nexter has achieved its objectives in terms of turnover and operating profitability without having to sacrifice self-financing efforts to prepare for the future. The Group has recorded a level of new orders in line with the average of previous years.
Nexter's total orders amounted to €612 million. Two significant orders, the contract for 37 CAESAR® howitzers (photo) for Indonesia and the French multi-year large-caliber order, represent 43% of orders for the year.
With the addition of the conditional tranches of commercial contracts in progress, Nexter's order book totaled €2.6 billion, accounting for nearly three years of business.
Nexter's consolidated turnover amounted to €787 million, consistent with the objectives the Group set itself for the year 2013. The share of turnover generated by Maintenance in Operational Condition contracts represents around one third of revenues, with the munitions share representing one quarter of revenues.
With a positive result for the eighth consecutive year, in 2013, Nexter has a consolidated operating margin of 14% of its turnover, confirming sound organic growth.
Nexter's consolidated net profit totaled € 74 million. This result takes into account a high level of expenditure on research and development (almost 18% of the consolidated turnover), of which almost half is financed by equity.
Nexter applies its expertise in land defense systems to meet the needs of the French army and other forces internationally. The scope of its business includes the supply of weapons systems and munitions for Army, Air Force, Navy and law enforcement applications.
The range of products offered by Nexter includes: CAESAR® the highly mobile 155mm self-propelled gun, TRAJAN® the 155mm towed gun, 105LG lightweight towed gun, Leclerc battle tank, VBCI Infantry combat vehicle, ARAVIS® highly protected armored vehicle, BONUS smart ammunition, all backed up by customer service, support and recycling.
