Naval Group achieves a record level of orders

French global defense contractor Naval Group has had a 3 billion euros of order intake in 2019, +44% compared to 2018, including 3 billion internationally, taking the order book to 15 billion euros

The Naval Group yard at Lorient

Paris - French global defense contractor Naval Group has had a 3 billion euros of order intake in 2019, +44% compared to 2018, including 3 billion internationally, taking the order book to 15 billion euros. 
 
Sales have amounted to 3.7 million euros, +3% compared to 2018 and the EBITDA has risen to 282 million euros, taking operating profitability up to 7.6%. 
 
"Naval Group once again confirms the soundness of its strategic position as an industrial prime contractor, designer and integrator of whole warships and combat systems, as well as the good progress of its development plan. The operational milestones, both in France and internationally, have all been met," commented Hervé Guillou, chairman and ceo of Naval Group.
 
"Order intake in 2019 reached record levels," said Frank Le Rebeller, senior executive vice president finance. "Our results are slightly over than our targets. They reflect a solid financial situation, more particularly characterised by levels of profitability in line with our targets and a robust level of equity that has been reconstituted over the past four years."
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