Thales: confirms all annual targets

(CercleFinance.com) - Q1 sales totaled E4,421m, compared with E4,026m in Q1 2023, up 9.
8% as reported, and up 7.9% LFL.

Growth was notably driven by the dynamic performance of France (+15.5%), the UK (+9.0%) and Australia (+11.2%). Emerging markets reported organic growth of 7.0%.

Sales in the Defense & Security sector totaled E2,305m, up 13.4% LFL. In the Aerospace sector, sales came to E1,182m, up 5.1%.

Order intake for Q1 totaled E5,037m, up 46% LFL y-o-y, and up 47% as reported.

Order intake and sales for Q1 2024 are in line with expectations. In this context, Thales confirms all its annual targets.

As in 2023, the group is targeting a book-to-bill ratio of over 1, organic sales growth of +4% to +6%, corresponding to sales of between E19.7bn and E20.1bn, and an EBIT margin of between 11.7% and 12.0%, up 10 to 40 basis points on 2023.


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