Thales: adjusted NI up 6% in H1

(CercleFinance.com) - For H1 2024, Thales has reported a 6% increase in adjusted net income (group share) to E866m, with EBIT up 10.
4% to nearly E1.1bn (+4.7% in organic terms), representing a 0.2-point improvement in its margin to 11.5%.

The electronics group's sales rose by 8.9% (+6% in organic terms) to E9.49bn, with its order intake increasing 26% (+23% in organic terms) to E10.8bn, taking its backlog to almost E47bn, a new all-time high.

We are continuing to invest to increase our production capacities and thus support sustainable growth in our business. We are also stepping up our investment in innovation, management says.

Thales confirms its targets for 2024, with a tighter range, targeting a book-to-bill ratio of over one, organic sales growth of between +5% and +6%, and an EBIT margin of 11.7% to 11.8%.


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