Thales: new targets for 2024-28

(CercleFinance.com) - Ahead of its Investor Day this Thursday, Thales is presenting new targets for 2024-28, including average annual organic growth (AAGR) in sales of +5%-7%, driven by broad-based growth across all its businesses.


The group is also targeting 13%-14% growth in its EBIT margin in 2028, enabling 50%-60% growth in adjusted EPS over 2024-28, as well as an average FOCF conversion of 95%-105% over the period.

Finally, in capital allocation, Thales will prioritise organic growth and debt reduction, maintaining a dividend payout ratio of around 40%, while strengthening its portfolio with targeted acquisitions.


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