Thales's Board of Directors (Euronext Paris: HO) met on
The first half of 2023 confirms Thales' strong sales momentum in its various markets. With a 7% increase in the order book compared to
Organic sales growth was above 7%, ahead of the full-year target, driven by the on-going recovery in the civil aeronautics business and the strong performance of the Digital Identity & Security operating segment.
The Group's EBIT margin continued to rise, reaching a new record at 11.4%.
Given the solid outlook for most of our businesses in the second half of the year, we have decided to raise our full-year sales growth guidance.
All of Thales's teams are committed to taking the action needed to support sustainable growth. This includes recruiting the talent of tomorrow, supporting our supply chain and investing in our R&D and production capabilities.
Lastly, Thales further strengthens its leadership positions in its markets with two acquisitions:
Order intake:
Sales:
EBIT[3]:
Adjusted net income, Group share[3]:
Consolidated net income, Group share:
Free operating cash flow[3]:
Full year 2023 guidance upgraded:
Book-to-bill ratio[4] above 1
Organic sales growth between +5% and +7%[5]
EBIT margin target (unchanged): 11.5% to 11.8%
Thales's half year results 2023 have been commented by
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Notes
[1] At the date of this press release, the limited review of the financial statements has been completed and the statutory auditors' report has been issued following the meeting of the Board of Directors.
[2] In this press release, 'organic' means 'at constant scope and exchange rates'. See note on methodology on page 11 and calculation on page 16 of the press release.
[3] Non-GAAP financial indicators, see definitions in the appendices, page 11 of the press release.
[4] Book-to-bill ratio: ratio of order intake to sales.
[5] Corresponding to
[6] Net debt as at
Contact
+33 (0)1 57 77 86 26 cedric.leurquin@thalesgroup.com
Bertrand Delcaire - Thales, Analysts/Investors
+33 (0)1 57 77 89 02 ir@thalesgroup.com
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