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2006 KEY FIGURES

MARKED IMPROVEMENT IN FINANCIAL PERFORMANCE 

Income from operations increased by 4.5% to €755m, further improving operating margin to more than 7.3% despite a negative impact of exchange rate fluctuations, primarily connected to the weaker dollar.

The improvement reflects both the first results of restructuring measures implemented under the competitiveness plan, and the positive effects of the portfolio refocusing policy that has been ongoing for several years.

Net income rose by 16% to €388m.

RETURN TO GROWTH CONFIRMED

With revenues of €10.2bn in 2006, year-on-year growth looks flat but on a like-for-like basis revenues grew by 4.3%.

Despite the absence of very largescale contracts, order intake was higher than billings, leading to a book-to-bill ratio of 1.05 and an order book worth €20.7 billion at the end of 2006. 

The good book-to-bill ratio reflects the strength of the company's base of recurring and diversified orders.

POSITIVE NET CASH POSITION AT YEAR-END

This positive cash position is the culmination of the company's sustained effort to re-establish its financial room for manoeuvre.

Operating free cash flow increased by 48% to €381m in 2006.

2007 : THE NEW THALES

World leader in mission-critical information systems

A global organisation with

• 68,000 employees.
• Operations in 50 countries.
• Revenues of more than €12bn

Three main markets

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