French civil and military aircraft manufacturer Dassault Aviation yesterday presented its 2022 financial results at a conference led by Éric Trappier, the company’s Chairman and CEO.
The company posted its annual record aircraft order intake and beat its own earnings forecasts. Following the results, Dassault’s share price rose 12% to an all-time high.
In the civil segment, the manufacturer received 25% more orders for Falcon series aircraft compared to the previous year, with a total of 64 (thirteen more than at the end of 2021).
Sales are expected to decline in 2023. However, Trappier noted that the company is in talks with India to provide a significant number of Rafaele aircraft, although it competes with Boeing and its F/A-18 Super Hornet.
The order backlog for this type of fighter grew sharply in 2022, following an order for 80 aircraft from the United Arab Emirates. In addition, France ordered 39 airplanes and Greece ordered six more. In this regard, Trappier said Dassault intends to pursue new markets this year.
Dassault Aviation’s key results in 2022
- All-time record orders: Dassault received orders for 156 aircraft (64 Falcon and 92 Rafaele).
- The company delivered 46 aircraft: thirteen Rafale for foreign forces, one Rafale for France and 32 Falcon series business jets. This represents a decrease from the 55 aircraft delivered in 2021.
- As of 31 December, the order backlog accumulated amounted to 251 aircraft: 87 Falcon, 125 Rafale for foreign forces and 39 Rafale for France.
- The total value of the backlog reached 35 billion euros. Military export aircraft orders accounted for 63% of this total, followed by orders from France (24%) and civil aircraft orders (13%). The value of the backlog at the end of 2021 had reached 21 billion.
- Operating revenues of 572 million euros, with an operating margin of 8.3%.
- Net profit exceeded forecasts for the year and reached 830 million euros. The figure also represented an increase compared to 2021.
- As of 31 December, the company had 9.529 billion euros in cash.
See also: The French Air and Space Force took delivery of its first Rafale F4.1
