Thales (Euronext Paris: HO) reported today its order intake and sales for the period ending 30 September 2021.
"Thanks to its teams mobilising all over the world, Thales has had very good commercial momentum over the first nine months of 2021, with order intake up by more than 25% and sales up by 6%.
We confirm all our full year financial targets. The slight decrease in sales in the third quarter is due to a high basis of comparison: Q3 2020 benefited from the rebound of activity following the end of the first Covid-19-related lockdowns in Q2 2020.
In parallel, we are continuing to implement the proposed sale of our rail transport business. This important strategic move will enable us to focus on the development of three major long-term growth businesses in which Thales holds leadership positions: Aerospace, Defence & Security, and Digital Identity & Security. "
Patrice Caine, Chairman and Chief Executive Officer
We confirm all our full year financial targets. The slight decrease in sales in the third quarter is due to a high basis of comparison: Q3 2020 benefited from the rebound of activity following the end of the first Covid-19-related lockdowns in Q2 2020.
In parallel, we are continuing to implement the proposed sale of our rail transport business. This important strategic move will enable us to focus on the development of three major long-term growth businesses in which Thales holds leadership positions: Aerospace, Defence & Security, and Digital Identity & Security. "
Patrice Caine, Chairman and Chief Executive Officer
- Order intake: €10.7 billion, up 28% on an organic basis1 (total change: +27%)
- Sales: €11.2 billion, up 6.2% on an organic basis (total change: +5.7%)
- Confirmation of all 2021 financial objectives
As announced on 4th August 2021, following the launch of exclusive negotiations with Hitachi Rail for the disposal of the “Ground Transportation Systems” business, the Transport operating segment is now treated as discontinued operations (IFRS 5 standard). All values that appear in this press release therefore exclude the Transport business, both in 2020 and in 2021.
| Order intake (in € millions) | 9m 2021 | 9m 2020 | Total change | Organic change |
| Aerospace | 3,676 | 2,268 | +62% | +63% |
| Defence & Security | 4,826 | 3,853 | +25% | +24% |
| Digital Identity & Security | 2,105 |
2,227 |
-5% | -3% |
| Total – operating segments | 10,607 | 8,348 | +27% | +28% |
| Other | 49 | 27 | ||
| Total | 10,656 | 8,375 | +27% | +28% |
| Mature markets2 | 8,669 |
6,426 |
+35% |
+35% |
| Emerging markets3 | 1,987 | 1,949 |
+2% |
+4% |
| Sales (in € millions) | 9m 2021 | 9m 2020 | Total change | Organic change |
| Aerospace | 3,108 | 2,898 | +7.3% | +8.1% |
| Defence & Security | 5,948 | 5,469 | +8.8% | +7.9% |
| Digital Identity & Security | 2,105 |
2,201 |
-4.3% | -1.3% |
| Total – operating segments | 11,161 | 10,567 | +5.6% | +6.1% |
| Other | 61 | 46 | ||
| Total | 11,222 | 10,613 | +5.7% | +6.2% |
| Mature markets4 | 8,501 |
7,911 |
+7.5% |
+7.5% |
| Emerging markets5 | 2,720 | 2,702 |
+0.7% |
+2.5% |
A replay of the conference call is available through the following link:
https://edge.media-server.com/mmc/p/2n7i8jxh
The replay is also available through the following dial-in details:
- France:+33 (0)1 70 95 03 48
- International number: +44 (0) 3333009785
- Confirmation Code: 2291385