Thales Reports Strong Sales Growth and Confirms 2024 Targets

Thales has reported impressive sales growth for the first nine months of 2024, alongside a sizable increase in order intake. The company confirmed its sales growth targets and EBIT margin outlook for the year, signaling positive prospects for investors.

Date: 23-10-2024

AI Rating: 7

According to the report, Thales has achieved significant revenue growth with sales reaching 14.1 billion euros, reflecting a robust increase of 6.2% on an organic basis and 9.4% in total. This growth indicates a healthy demand for the company's products and services.

The reported order intake reached 15.55 billion euros, which represents a substantial 23% increase on an organic basis and 26% total compared to the same period in 2023. Such order growth suggests that Thales is securing more business and has strong future revenue potential.

While the report does not provide specific details regarding Earnings Per Share (EPS), Net Income, Profit Margins (Gross, Operating, Net), or Free Cash Flow (FCF), the confirmation of 2024 targets—namely organic sales growth of 5% to 6% and an EBIT margin of 11.7% to 11.8%—positions the company favorably for continued profitability.

Additionally, CEO Patrice Caine mentioned that the Defence sector has enjoyed remarkable visibility through long-term contracts, and that there is optimism in the avionics industry due to recovering air traffic. The cybersecurity and biometrics segments are also experiencing growth due to a strong market environment. This diversified growth across sectors reinforces Thales' stability and ongoing business potential.

Stocks: THLEF