Nexter reports profits, orders down in 2013

19 March 2014

France's Nexter Systems announced its 2013 annual earnings on 18 March, revealing a decline from 2012 in orders and net profit.

Orders for the group totalled EUR612 million (USD852 million), down from 2012's EUR862 million, with contracts for 37 CAESAR mobile artillery systems and France's multi-year large-calibre order accounting for 43% of that figure.

Consolidated net profit slipped 20% year on year to EUR74 million, despite the company earmarking in both years about 18% of spending for research and development.

The state-owned defence systems manufacturer recorded consolidated revenues of EUR787 million, slightly up on 2012's EUR742 million. About a third of this total was generated through conducting maintenance on equipment and systems in operational conditions, while a quarter of revenues came from sales of munitions, according to Nexter.

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