Thales Reports 9-Month 2024 Financial Performance

Thales has announced its financial results for the first nine months of 2024, showing strong growth. The order intake reached €15.6 billion, marking a 23% increase on an organic basis. Sales rose to €14.1 billion, reflecting a 6.2% organic growth. The company has confirmed its 2024 targets, including a book-to-bill ratio above 1 and an EBIT margin between 11.7% and 11.8%.

The Defence & Security segment, with €8.95 billion in orders, led the growth. The Aerospace segment saw a modest increase of 8%, while the Digital Identity & Security segment remained stable. Sales in mature markets increased organically by 6.3%, while emerging markets experienced a 5.8% growth.

Thales attributes this growth to strong momentum in various segments and geographical areas, with significant contributions from the UK and Asia. As of now, Thales remains optimistic about meeting its annual targets for 2024, assuming stable global economic conditions.