ST Engineering - Land Systems: Results For The Year Ended 31 December 2013

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Land Systems: Results For The Year Ended 31 December 2013

Details on how the business of the Sector is managed and its related performance are set out below. This information is given on a voluntary basis and from the perspective of the Sector management, as its disclosure is not required by law or regulation.

Land Systems
“Comparable profits”

FINANCIAL HIGHLIGHTS for the year ended 31 December 2013

 

2013

2012

Growth%

Revenue ($m)

1,485

1,525

(3)

Earnings before interest and tax (EBIT) ($m)

90.5

98.5

(8)

Other income, net ($m)

19.4

18.7

4

Finance income/(costs), net ($m)

(6.3)

(11.0)

42

Profit before tax (PBT) ($m)

111.8

113.3

(1)

Profit attributable to shareholders ($m)

91.2

88.2

3

Economic value added (EVA) ($m)

61.2

72.4

(15)


 
“We achieved comparable sales and PBT in 2013 despite continued weakness in defence export and slowdown in demand for specialty vehicles in China.

In 2014, we will continue to pursue and secure key defence programmes and grow market presence for specialty vehicles in the emerging economies of Africa, Latin America and Asia."

~ Sew Chee Jhuen, President

 

Land Systems FY2013 Audited Results

 

N.B.: All currencies are in Singapore dollars.

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