Thales: 2011 first-half results

Thales: 2011 first-half results

July 27, 2011

Neuilly-sur-Seine, 27 July 2011 - The Board of Directors of Thales (NYSE Euronext Paris: HO) met today to review the accounts for the first half of 20111.

In that meeting, the Chairman and CEO of the Group, Luc Vigneron, stated: “During the first half of the year, growth in orders and revenues in the Aerospace & Transport sector offset a less dynamic environment in Defence & Security. Our EBIT is progressing significantly, thanks to better project execution and the initial results of our Probasis performance plan. This encouraging performance and the signing of an agreement with Airbus on the execution conditions of the A400M project put the Group on a favourable path for reaching its targets for 2011 and 2012.”

 

 

  • Order intake: €5.24 bn, up +2%

 

  • Revenues: €5.97 bn, stable compared with first half of 2010 

 

  • EBIT2 : €303m (5.1% of revenues, increasing by +48% in comparison with the first half of 2010), compared with €204m (3.4% of revenues) at 30 June 2010

 

  • Net income, Group share2: €173m, vs. €138m in first half of 2010

 

 

[1] As of the date of this press release, the limited review of the financial statements has been completed and the report from the statutory auditors is in the process of being issued.

 

[2] After restructuring and before impact of purchase price allocation (PPA). After PPA impact, amounting to €36 million compared with €41 million in the first half of 2010, the reported EBIT is €268 million compared with €164 million in the first half of 2010. The reported net income is €145 million compared with €106 million in H1 2010.