Dassault Aviation reports €2.54B revenue in H1 2024, strong order growth

Dassault Aviation posted an adjusted revenue of €2.54 billion in the first half of 2024, compared to €2.30 billion in the same period the previous year.  

Specifically, revenue from military exports decreased to €552 million from €851 million, while domestic revenue notably increased to €1.01 billion from €617 million. Exports represented 59% of the total revenue, a decline from 71% in the preceding year.  

The company observed a significant rise in order intake, more than tripling year-on-year, soaring from €1.68 billion (12 Falcon business jets) to €5.13 billion (18 Rafale fighter exports and 11 Falcons).  

As of June 30, 2024, Dassault Aviation’s order book totaled €41.1 billion, covering 223 Rafales (including 159 for export) and 83 Falcons.  

The adjusted operating income rose to €170 million from €151 million, and the adjusted net income increased to €442 million from €405 million in the prior year. The company’s available cash reached €8.78 billion, up from €7.29 billion 12 months before.  

“Similar to other major players in the aerospace industry, the Group is facing challenges in the supply chain,” noted Éric Trappier, Chairman and CEO of Dassault Aviation. “There are numerous instances of shortages in our production lines due to inefficiencies from certain suppliers, especially in the aerostructure sector.” 

Despite the supply chain obstacles, Dassault Aviation upheld its forecasts for 2024, expecting revenue growth compared to 2023, aiming for around €6 billion, and delivering 35 Falcon business jets and 20 Rafale fighters. 

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Business AviationbyIan Molyneaux2024-05-15

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