Investor Alert

March 5, 2021, 3:07 a.m. EST

Dassault Aviation sees sales gains ahead in 2021

By Olivia Bugault

Dassault Aviation SA said Friday that 2020 profit and revenue fell as the aviation industry is still suffering from the coronavirus pandemic and said it expects higher sales in 2021.

The French aircraft manufacturer said net profit was 302.8 million euros ($362.5 million), compared with EUR712.7 million in 2019. Adjusted for certain elements such as hedging instruments, profit fell to EUR396 million from EUR814 million, it said.

Net sales dropped to EUR5.49 billion from EUR7.37 billion, it said. The decline in sales is mainly due to the lower number of Rafale and Falcon jets delivered in 2020, it said. Last year, Dassault Aviation delivered 13 Rafale Export, half as much as in 2019, while 34 Falcon were delivered, compared with 40 the year before, the company said.

Dassault Aviation said it expects to deliver 25 Falcon aircraft and 25 Rafale this year, and projects net sales will increase.

The company proposes a dividend of EUR12.3 per share for 2020, down from 2019, it said.

Write to Olivia Bugault at olivia.bugault@wsj.com

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