14 May 2009
Revenues: EUR 2.3bn, stable on an organic basis vs. Q1 2008. Order intake: EUR 2.2bn.
- Lower orders in Defence and Aerospace/Space compared with a very high order intake in Q1 2008.
- Good resilience of Security, achieving an organic growth of 2%.
As usual for Thales, attention is drawn to the fact that quarterly variations in revenues and order intake cannot be extrapolated and may differ markedly from the trends over a longer period, as billing schedules are to a large extent contingent upon the achievement of specific technical milestones on each contract. This comment is even more relevant when examining quarterly figures in a single business or region.