🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

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

EditorPollock Mondal
Published 10/31/2023, 08:54 PM
© Reuters.

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.