9m 2018 Order intake and sales

Thales (Euronext Paris: HO) announced its order intake and sales for the period ending 30 September 2018.

Patrice Caine, Chairman and Chief Executive Officer, commented:

“Over the first nine months of the year, Thales confirmed its growth momentum, with increased business across all segments and geographic regions. Order intake is in line with our expectations, while organic sales growth of some 8% is substantially ahead of our full year target.

The solid performance over the first 3 quarters of the year increases our confidence in Thales’s ability to meet its full year objectives. As a result, we now expect to hit the top end of the ranges announced last March, both in terms of organic growth and EBIT.

Thanks to the efforts of its employees around the globe, Thales reinforces its leadership position in its 5 end markets and strengthens its highly value-creative profitable growth model.”

  • Solid order intake: €9.5 billion, up 7% [1] (up +9% on an organic basis [2])
  • Sales: €10.9 billion, up 6.2% (up +7.9% on an organic basis)
  • Confirmation of all 2018 financial objectives – expected organic sales growth and EBIT [3] at the top end of the ranges set in March 2018

 

Order intake (in € millions)

9m
2018

9m 2017 restated for IFRS 15

9m 2017

reported

Total change

Organic change

Aerospace

3,044

3,082

3,049

-1%

+1%

Transport

1,267

976

976

+30%

+32%

Defence & Security

5,132

4,750

4,766

+8%

+10%

Other

24

42

42

 

 

Total

9,468

8,849

8,833

+7%

+9%

Sales (in € millions)

 

Aerospace

4,010

3,930

4,068

+2.0%

+3.4%

Transport

1,373

1,156

1,060

+18.7%

+21.1%

Defence & Security

5,450

5,106

5,163

+6.7%

+8.4%

Other

40

43

45

 

 

Total

10,873

10,236

10,336

+6.2%

+7.9%

Of which mature markets [4]

7,659

7,182

7,103

+6.6%

+8.2%

Of which emerging markets [4]

3,215

3,054

3,233

+5.3%

+7.2%

 

 

 

Notes

[1] Since 1 January 2018, the Group has been applying IFRS 15 “Revenue from Contracts with Customers”. All changes shown here are calculated compared with the figures restated for the application of this standard
[2] “Organic” means “at constant scope and currency”. See note on methodology on page 9 of the 2017 registration document
[3] Non-GAAP financial indicator, see definition on page 8 of the 2017 registration document
[4] Mature markets: Europe, North America, Australia, New Zealand. Emerging markets: all other countries.