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FX.co ★ Thales 9-month Sales Up 6.2% On Organic Basis; On Track To Achieve Annual Financial Targets

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typeContent_19130:::2024-10-23T06:40:00

Thales 9-month Sales Up 6.2% On Organic Basis; On Track To Achieve Annual Financial Targets

Thales (THLEF.PK) has announced that its sales for the first nine months of 2024 reached €14.1 billion, marking a 6.2% increase on an organic basis and a total rise of 9.4%. The order intake for this period amounted to €15.55 billion, reflecting a 23% organic growth compared to the same period in 2023, or an overall increase of 26%. Looking ahead, the Group has reaffirmed its 2024 objectives, aiming for an organic sales growth ranging from 5% to 6%, alongside an EBIT margin target between 11.7% and 11.8%.

"The Defence sector has achieved remarkable visibility, supported by significant long-term contracts. The Avionics business is benefiting from the rebound in air traffic and promising growth opportunities. Additionally, our cybersecurity and biometrics sectors are thriving in a robust market environment," stated Patrice Caine, CEO.

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