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Thales Q3 sales surpass expectations, driven by strong aerospace and defense sectors

EditorPollock Mondal
Published 10/31/2023, 08:54 PM
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French aerospace and defense giant, Thales, exceeded analysts' forecasts with its third quarter sales reaching EUR4.14 billion ($4.40 billion). The company's robust performance was primarily propelled by a 13% organic growth in its aerospace sector, bringing in EUR1.16 billion, and an 8.1% increase in defense and security units to EUR2.14 billion.

The third quarter results showed a 2.4% reported and 7.2% organic increase in sales across the board for Thales. Despite the overall positive figures, the company's digital identity segment experienced a slight dip of 1.5%, bringing it down to EUR811 million.

In contrast to the healthy sales figures, Thales's total order intake saw a decrease of 10% reported and 6% organically, falling to EUR3.81 billion across all units.

Nonetheless, Thales maintains an optimistic outlook for the future. The company has set an ambitious organic sales growth target of 5% to 7% for the year 2023, indicating confidence in its ability to navigate the challenges ahead and continue its growth trajectory.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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