Defence and technology firm Thales unveiled new four-year targets on Thursday, predicting more than 25 billion euros ($26.34 billion) of revenues by 2028 as it reaps a decade of cyber investments.
Thales' Q3 update shows a 22% increase in order intake, driven by strong defense demand, but the aerospace and digital identity segments face challenges. Sales grew 10.6% to €4.6 billion, with defense showing strong momentum, but space and banking solutions are underperforming, impacting overall growth. Despite underwhelming stock performance, I see a 5% upside for 2025 and 18% for 2026, though free cash flow growth remains limited.
Thales S.A. (OTCPK:THLEF) Q3 2024 Q3 2024 Sales/Trading Statement Call October 23, 2024 2:30 AM ET Company Participants Alexandra Boucheron - Vice President, Head, Investor Relations Pascal Bouchiat - Chief Financial Officer Conference Call Participants Olivier Brochet - Redburn Atlantic Chloe Lemaire - Jefferies George Zhao - Bernstein Carlos Iranzo Peris - Bank of America Herve Drouet - CIC Market Solutions Christophe Menard - Deutsche Bank Ross Law - Morgan Stanley Aymeric Poulain - Kepler Cheuvreux Operator Good morning, ladies and gentlemen, and thank you for standing by.
Thales posted orders above analysts' expectations for the first nine months of the year as its defense and security business continued to benefit from robust military spending amid high geopolitical tensions.
Thales S.A. (OTCPK:THLEF) Q2 2024 Earnings Conference Call July 23, 2024 2:30 AM ET Company Participants Alexandra Boucheron - Vice President, Head, Investor Relations Patrice Caine - Chairman & Chief Executive Officer Pascal Bouchiat - Chief Financial Officer Conference Call Participants Christophe Menard - Deutsche Bank George Zhao - Bernstein Herve Drouet - CIC Market Solutions Ben Heelan - Bank of America George Mcwhirter - Berenberg Tristan Sanson - BNP Paribas David Perry - JPMorgan Aymeric Poulain - Kepler Cheuvreux Operator Good morning, ladies and gentlemen, and thank you for standing by.
Leonardo is working with France's Thales and Airbus for a "new strategic vision" in the space sector, the head of the Italian aerospace and defence group said on Tuesday.
European aerospace groups Airbus and Thales are exploring a potential tie-up of some of their space activities, two industry sources told Reuters on Monday, confirming an earlier report by French business paper La Tribune.
Airbus and Thales are considering merging their space activities, French business paper La Tribune reported on Monday, citing unnamed sources.