Thales Sets Strategic and Financial Goals for 2024-2028

During its 2024 Capital Markets Day, Thales outlined its strategic and financial targets for 2024-2028. The company's portfolio has been reinforced, particularly in Defence, Aerospace, and Cyber & Digital, while ground transportation was divested. Over the past five years, Thales achieved robust commercial performance, increased profitability, and substantial cash flow.

Strategic priorities include delivering profitable growth from a premium portfolio, enhancing employer attractiveness, and strengthening ESG leadership. The group targets organic sales growth of 5-7% annually, rising EBIT margins of 13-14% by 2028, and an average FOCF conversion rate of 95-105%.

Thales aims to maintain a competitive edge through innovation, investing about €4 billion in R&D, focusing on areas like AI and quantum technology. The company also plans to maintain high cash conversion and implement an active capital allocation strategy.