Key reported figures
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Revenue:
3 251 millions d'euros
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Quarterly revenue:
3 251 millions d'euros
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Revenue growth:
17,2 %
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EBITDA:
863 millions d'euros
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EBITDA margin:
26,5 %
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Net income:
571 millions d'euros
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Free cash flow:
-742 millions d'euros
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2 914 millions d'euros
Guidance from the release
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CSG continues to expect revenue in the range of €7.4 to €7.6bn, Operating EBIT margin of approximately 24–25%
Risks mentioned
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Flux de trésorerie opérationnel avant impôt négatif de 411 M€ lié au pré-stockage de composants
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Ratio dette nette/EBITDA à 1,6x, en hausse par rapport à l'objectif de fin d'année de 1,3x
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Besoin en fonds de roulement net représentant 40,1 % du chiffre d'affaires LTM, en forte hausse
Opportunities identified
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Carnet de commandes et pipeline total en hausse à 46 milliards d'euros contre 44 milliards en mars 2026
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Lancement de CSG Land Systems North America pour développer la présence sur le plus grand marché de défense mondial
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Création de la coentreprise Firecrest Aerospace pour la propulsion de drones et systèmes sans pilote
Outlook / guidance
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Expected revenue:
7 500 millions d'euros
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Management commentary:
CSG continues to expect revenue in the range of €7.4 to €7.6bn, Operating EBIT margin of approximately 24–25%, capex intensity of approximately 8.5% of revenue, and net working capital below 20% of revenue.
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