Thales publishes solid results in the first quarter of 2023 and confirms its objectives

Thales is doing well. The aerospace, defense and security equipment manufacturer, after posting exceptional results for the year 2022, reported on Friday May 5 a turnover of 4.03 billion euros in the first quarter. , up 9.4%. Order intake amounted to 3.42 billion euros, (+14%), thanks in particular to the Defense and Security sector, which recorded organic growth of 31% during the first three months of the year.

The rebound of civil aeronautics

Thales Chief Financial Officer Pascal Bouchiat said orders in the defense sector benefited from the current geopolitical climate, while demand in the travel sector, particularly for biometric passports, supported the rest of its business. . “We are seeing a recovery on the airline side with a significant increase in traffiche told reporters.

Thales, however, issued a mixed opinion on supply chains. The supply is improving for the digital identity business, is stable for other electronic components, but under greater pressure for certain types of mechanical equipment, explained Pascal Bouchiat. Thales confirmed all of its annual objectives, in particular organic revenue growth of between 4% and 7%, an Ebit margin of between 11.5% and 11.8% and a orders related to turnover greater than 1.

With Reuters (Reporting Tim Hepher; French version Camille Raynaud, editing by Kate Entringer)

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