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Revenues stable at 10.3 billion euros; organic growth of 4.3% on a like-for-like basis; order intake strong at 10.8 billion euros, expanding the order book to 20.7 billion euros at end-2006, the equivalent of slightly more than two years of revenues.
In 2006, Thales Group revenues totalled 10,264 million euros, compared with 10,263 million euros in 2005. On a like-for-like basis, revenues grew by 4.3% (compared with organic growth of +3.8% in 2005).
Exchange rate fluctuations reduced revenues by 73 million euros. Changes in the scope of consolidation further to the divestment of non-core businesses resulted in a net reduction in revenues of 345 million euros. The main businesses divested were Thales Broadcast & Multimedia and the High Tech Optics operations, which were deconsolidated at end-2005, and the satellite navigation business, which was deconsolidated from 30 June 2006. Organic growth reached 4% in the fourth quarter of 2006, roughly the same rate of growth as was recorded for the first three quarters combined.
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