Thales: consolidated NI up 39% in 2024
(CercleFinance.com) - Sales came in at E20,577m, up 11.
7% on 2023 (+8.3% in organic growth).
This robust growth notablt reflects the solid performance of the Defense business throughout the year, Thales says.
New orders for the 2024 are up 9% on 2023 at E25,289m, and +6% in 'organic' terms (LFL).
Adjusted EBIT for 2024 reached E2,419m (11.8% of sales), compared with E2,132m (11.6% of sales) in 2023, up +13.4% (+5.7% in organic variation).
Adjusted net income, group share is E1,900m, up 7% compared with 2023. Consolidated net income, group share, stands at E1,420m, up +39% on 2023.
Thales has set the following targets for 2025: a book-to-bill ratio of over 1, organic sales growth of between +5% and +6%, corresponding to sales of between E21.7bn and E21.9bn, with an Adjusted EBIT margin of between 12.2% and 12.4%, up 40bp to 60bp on 2024.
In addition, the Group should maintain a high cash conversion rate of between 95% and 100% in 2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
7% on 2023 (+8.3% in organic growth).
This robust growth notablt reflects the solid performance of the Defense business throughout the year, Thales says.
New orders for the 2024 are up 9% on 2023 at E25,289m, and +6% in 'organic' terms (LFL).
Adjusted EBIT for 2024 reached E2,419m (11.8% of sales), compared with E2,132m (11.6% of sales) in 2023, up +13.4% (+5.7% in organic variation).
Adjusted net income, group share is E1,900m, up 7% compared with 2023. Consolidated net income, group share, stands at E1,420m, up +39% on 2023.
Thales has set the following targets for 2025: a book-to-bill ratio of over 1, organic sales growth of between +5% and +6%, corresponding to sales of between E21.7bn and E21.9bn, with an Adjusted EBIT margin of between 12.2% and 12.4%, up 40bp to 60bp on 2024.
In addition, the Group should maintain a high cash conversion rate of between 95% and 100% in 2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.